Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from each...
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Elite Apparel Inc. is considering two investment projects. The estimated net cash flows from each project are as follows: Each project requires an investment of $316,000. A rate of 10% has been selected for the net present value analysis. 1a. Compute the cash payback penod for each project: 1b. Compute the net present value, Use the present value of $1 tabie above. If required, round to the nearest dollar. 2. Because of the timing of the receipt of the net cash flows, the otfers a higher
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