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$$ $141,000$$ $211,000$

$157,00037,000$

$253,00052,000$

$363,00093,000$

$458,000123,000$

$553,000138,000$

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?