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Business, 23.12.2020 23:00 mayasofia

Lily Products Company is considering an investment in one of two new product lines. The investment required for either product line is $540,000. The net cash flows associated with each product are as follows: Year Liquid Soap Body Lotion 1 $170,000 $ 90,000 2150,000 90,000 3120,000 90,000 4100,000 90,000 570,000 90,000 640,000 90,000 740,000 90,000 830,000 90,000 Total$720,000 $720,000 a. Recommend a product offering to Lily Products Company, based on the cash payback period for each product line.

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