Consider the following three-year projects a and b each


Consider the following three-year projects A and B each with the same initial investment of $1000. You are presented with the following measures for the projects: Project A: NPV $400; Payback 24 months Project B: NPV $545; Payback 26 months Which project would you choose and why? Be sure to show any calculations you use in your answer.

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Financial Management: Consider the following three-year projects a and b each
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