1 Required information Required: Calculate the payback period of each house flip. Assume the...
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Calculate the payback period of each house flip.
Assume the company has unlimited funds and will pursue any project with a payback period of less than five years. Which houses should the company pursue?
Now assume the company has a limited amount to invest but no internal payback period requirements, and must decide between Cantrell and Fuller. Which house should they select based on the payback period analysis?
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Calculate the payback period of each house flip.
Note: Enter your answers rounded to two decimal places.
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