Discounted Payment

Using Excel, complete the following problems in your textbook:

1. Payback and Discounted Payback: Problems 1, 3, and 4 on page 305
2. Average Accounting Return: Problem 6 on page 306
3. Net Present Value: Problem 8 on page 306
4. IRR and MIRR: Problems 7 and 19 on pages 306 and 308
5. Profitability Index: Problems 15 and 16 on page 307
6. Comparing Investment Criteria: Problem 17 on page 308

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