9 Problem 8-8 Payback (LO4) The following are the cash flows of two projects: 8.33 points Year 0 Project A Project B $(260) $(260) eBook 1234 140 160 140 160 140 160 4 140 Print What is the payback period of each project? (Round your answers to 1 decimal place.) C Project Payback Period References A 131.8 years B years 10 Problem 8-27 NPV, Payback (LO1, LO4) 3.33 points eBook Print References A project that costs $2,200 to install will provide annual cash flows of $570 for the next 5 years. The firm accepts projects with payback periods of less than 4 years. a. What is this project's payback period? (Round your answer to 3 decimal places.) b. Will the project be accepted? c-1. What is project NPV if the discount rate is 3%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) c-2. Should this project be pursued? d-1. What is project NPV if the discount rate is 10%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) d-2. Should this project be pursued? e. Will the firm's decision change as the discount rate changes? Payback period b. Will the project be accepted? C-1. NPV of the project if the discount rate is 3% c-2. Should this project be pursued? d-1. NPV of the project if the discount rate is 10% d-2. Should this project be pursued? e. Will the firm's decision change as the discount rate changes? Years