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Proposals a and B Each Cost $600,000 and Have 5-Year

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Proposals A and B each cost $600,000 and have 5-year lives.Proposal A is expected to provide equal annual net cash flows of $159,000,while the net cash flows for Proposal B are as follows:

Proposals A and B each cost $600,000 and have 5-year lives.Proposal A is expected to provide equal annual net cash flows of $159,000,while the net cash flows for Proposal B are as follows: ​    Determine the cash payback period for each proposal.Round answers to two decimal places. Determine the cash payback period for each proposal.Round answers to two decimal places.

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Definitions:

Taft-Hartley Act

A federal act passed in the United States in 1947 that serves to reduce the power and activities of labor unions.

Strikes

A work stoppage caused by the mass refusal of employees to work, typically aiming to enforce specific demands regarding their employment condition.

CIO

Can refer to Chief Information Officer, a senior executive responsible for managing an organization's information technology strategy. It also can denote the Congress of Industrial Organizations, a federation of labor unions in the United States.

AFL

The American Federation of Labor (AFL) was a national federation of labor unions in the United States, founded in 1886, focused on advocating for fair labor practices and workers' rights.

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