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The manager of a local company has to choose between the two projects below

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The manager of a local company has to choose between the two projects below. The required rate of return is 10% Year Project A Project B 0 -359000 -276000 1 95000 40000 2 108000 83000 3 90000 105000 4 80000 128000 5 20000 148000 What is payback period for each project? What is the IRR for each project? Which project shall the manager choose?