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Andouille Spices, Incorporated, has the following mutually exclusive projects available. The company has historically used...

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Finance

Andouille Spices, Incorporated, has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 12 percent. Year Project F Project G 0 $ 141,000 $ 211,000 1 57,000 37,000 2 53,000 52,000 3 63,000 93,000 4 58,000 123,000 5 53,000 138,000 Calculate the payback period for both projects. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Calculate the NPV for both projects. N

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