1.) What is the payback period for Project A?

2.) Payback period for Project B?

3.)And which project should they accept?

-Accept Project A and Reject B

-Accept both

-Reject Both

-Accept B and Reject A

Plz help thank you

Offshore Drilling Products, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Requirement 1: (a)What is the payback period for project A ? 4.87 years 1.87 years 5.13 years 2.13 years 3.00 years (b)What is the payback period for project B