.1i. Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects. If the

company has the following two projects available, should it accept either of them?

Year	Cash Flow (A)	Cash Flow (B)
0	-$40,000	-$60,000
1	19,000	14,000
2	25,000	17,000
3	18,000	24,000
4	6,000	270,000

ii. An investment project provides cash inflows of $765 per year for eight years. What is the project payback

period if the initial cost is $2,400? What if the initial cost is $3,600? What if it is $6,500?