Question: Using Excel, prepare incremental cash flows for each alternative over the five years required to complete the innovation project and calculate the NPV for both

Using Excel, prepare incremental cash flows for each alternative over the five years required to complete the innovation project and calculate the NPV for both projects. Assume a 6% discount rate, calculate the payback period for the innovative replacement project, and summarize your findings. Make a specific recommendation, assuming no other relevant decision factors, and explain the factors that led you to that decision

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