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9. Smith, Inc. imposes a payback cutoff of 3 years for its international investment projects. If the company has the following two projects available, should

9. Smith, Inc. imposes a payback cutoff of 3 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 -$50,000 -$60,000 1 $20,000 $23,000 2 $21,000 $16,000 3 $40,000 $25,000 4 $20,000 $155,000

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