Question: Two projects are presented to the project selection committee. Project A will cost $275,000 to implement and is expected to have annual net cash flows

Two projects are presented to the project selection committee. Project A will cost $275,000 to implement and is expected to have annual net cash flows of $80,000. Project B will cost $180,000 to implement and should generate annual net cash flows of $42,000. Using the payback period method which project is better?

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