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Buy Coastal, Inc., imposes a payback cutoff of three years for its international

ID: 2651690 • Letter: B

Question

Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects. Suppose the company has the following two projects available. Project A has payback period of  years, while project B has a payback period of  years. Therefore, it should (Click to select)rejectaccept project A and (Click to select)rejectaccept project B. (Round your answers to 3 decimal places. (e.g., 32.162))

  

Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects. Suppose the company has the following two projects available. Project A has payback period of  years, while project B has a payback period of  years. Therefore, it should (Click to select)rejectaccept project A and (Click to select)rejectaccept project B. (Round your answers to 3 decimal places. (e.g., 32.162))

Explanation / Answer

Project A has payback period of 2 years. Project B has payback period of 4 years. Accept A reject b