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