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A&B Enterprises is trying to select the best investment from among four alternatives. Each alternative involves an initial outlay of $100,000. Their cash flows follow: Evaluate and rank each alternative based on a) payback period, b) net present value (use a 10% discount rate), and c) internal rate of return. For the internal rate of return, please use Excel's "IRR" function as described in the text.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded through standard invoicing, representing a company's obligation to make future payments.
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