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 13 percent.

Year	Project F	Project G
0	$ 142,000	$ 212,000
1	56,500	36,500
2	53,500	51,500
3	63,500	93,500
4	58,500	123,500
5	53,500	138,500

Calculate the payback period for both projects.

Calculate the NPV for both projects.

If the payback historical cutoff is a soft threshold, which project, if any, should the company accept?