Question: Use the following information to answer question 28-34. Below are the estimated cash flows for two mutually exclusive projects for a company The company has

Use the following information to answer question 28-34. Below are the estimated cash flows for two mutually exclusive projects for a company The company has a WACC of 10%. Year Project A Project B 0 -280 -350 1 80 205 2 120 160 3 158 60 What is the payback period for project B? O A. 3 years O B. 2.40 years O C. 1.91 years OD. 1.6 years O E. 1 year
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