consider the following two mutually exclusive projects: year cash flow (a) cash flow (b) 0 −$ 247,549 −$ 15,035 1 26,300 4,192 2 52,000 8,272 3 51,000 13,590 4 408,000 9,004 whichever project you choose, if any, you require a 6 percent return on your investment. a. what is the payback period for project a?
