Question: Similar projects, E and Z, are being considered using the payback method. Each has an initial cost of $100,000. Annual cash flows for each project

Similar projects, E and Z, are being considered using the payback method. Each has an initial cost of $100,000. Annual cash flows for each project are provided in the table at the right. a) What is the pay back period in years for E? (round to two decimal places) b) What is the pay back period in years for Z? Determine the cumulative cash flows for each year in the column next to the table (round to two decimal places)

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