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 $14$ percent.

a$.$ Calculate the payback period for both projects.

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

b$.$ Calculate the NPV for both projects.

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

c$.$ Which project, if any, should the company accept?