Andouille Spices, Incorporated, has the following mutually exclusive projects available. The company has historically used a three$-$year cutoff for projects. The required return is $12$ percent.

Year Project F Project G

$0$$ $131,000$$ $201,000$

$162,00042,000$

$248,00057,000$

$358,00088,000$

$453,000118,000$

$548,000133,000$

Calculate the payback period for both projects.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Calculate the NPV for both projects.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Which project, if any, should the company accept?