The State Spartan Corporation is considering two mutually exclusive projects. The cash flows associated with those projects are as follows:
![360_68-B-E-M-E (2056).png](https://secure.tutorsglobe.com/CMSImages/360_68-B-E-M-E (2056).png)
The required rate of return on these projects is 10 percent.
a. What is each project's payback period?
b. What is each project's net present value?