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1 Problem 9-3 Calculating Payback (L02) McKernan Incl imposes a payback cutoff of three years for its international investment projects. The company has the following

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1 Problem 9-3 Calculating Payback (L02) McKernan Incl imposes a payback cutoff of three years for its international investment projects. The company has the following two projects 10_ Cash Flow Cash Flow Po'ms Year (A) (B) 0 $109 , 400 $127, 000 1 42 , 000 34, 000 2 47 , (m 37, we 3 40,000 45,000 4 Skipped 27 , 000 249, 000 What is the payback period for both projects? (Round the final answers to 2 decimal places.) eBook Payback period Project A |:| years Project B |:| years Which project should the company accept? Project A Project B

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