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Compute the payback for both projects and choose better one

Quattro, Inc. has the following mutually exclusive projects available. The company has historically used a 4-year cutoff for projects. The required return is 11 percent.

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a. Compute the payback for both projects and choose better one.
b. Compute net present value and recommend better project.

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Finance Basics: Compute the payback for both projects and choose better one

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