Calculate the payback period for each of the following projects,then comment on the advisability of selection based on the payback period criterion: Project A has a cost of $15,000,returns $4,000 after-tax the first year and this amount increases by $1,000 annually over the 5-year life; Project B costs $15,000 and returns $13,000 after-tax the first year,followed by 4 years of $2,000 per year.The firm uses a 10% discount rate.

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The Answer of Calculate the payback period for each of the following projects,then comment on the advisability of selection based on the payback period criterion: Project A has a cost of $15,000,returns $4,000 after-tax the first year and this amount increases by $1,000 annually over the 5-year life; Project B costs $15,000 and returns $13,000 after-tax the first year,followed by 4 years of $2,000 per year.The firm uses a 10% discount rate.

Calculate the Payback Period for Each of the Following Projects,then