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Following is information about two mutually exclusive capital budgeting projects that a company is evaluating:,,Capital Budgeting Technique Project J Project K,,Net present value $10.200 $8,800,Internal Rate of Return 16.9% 18.9%,Traditional payback period 5.4 years 4.1 years,Discounted payback period 7.2 years 4.8 years,,(a) which project(s) should be chosen? Explain why. (b) From the information given, what can be concluded about the company’s required rate of return, r?