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1.Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year 0

1.Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year 0 Cash flow A -63,000 Cashflow B -108,000Year 1 Cash Flow A 26,000Cashflow B28,000Year 2Cash Flow A 33,800Cash Flow B 33,000Year 3 Cash Flow A 28,000Cashflow B26,000Year 4Cash Flow A 14,000Cash Flow B232,000. What is the payback period for each project? Which, if either, project should the company accept?Please use excel and explain conclusion.

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