Question: When considering two mutually exclusive projects, an organization adopted a payback period ( PP ) decision rule to accept the shorter payback period ( PP

When considering two mutually exclusive projects, an organization adopted a payback period (PP) decision rule to accept the shorter payback period (PP) if it is 2.5 years or less. If Project A has a payback of 2.6 years and Project B has a payback of 3 years, which project(s) would be accepted?
Accept Project A
Accept Project B
Accept neither
Accept both

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