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1. Garner Inc. is considering a project that has the following cash flow data. The CF0 = -$355, CF1 = $205, CF2 = $218, and CF3 = $203. What is the project's payback?

2. Ellmann Systems is considering a project that has the following cash flow and WACC data. The WACC is 8%. The CF0 = -$1,000, CF1 = $352, CF2 = $478, and CF3 = $573. What is the project's NPV?

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