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1.1.00 points Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects
1.1.00 points Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. YearCash Flow A Cash Flow B -61,000 25,000 32,600 27,000 13,000 -106,000 27,000 32,000 27,000 234,000 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payback period Project A Project B years 3.08 years Which, if either, project(s) should the company accept? Accept Project A and reject Project B
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