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Bronco, Inc., imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (A) Cash Flow (B) 0 -$ 69,000 -$
Bronco, Inc., imposes a payback cutoff of three years for its international investment projects.
Year
Cash Flow (A)
Cash Flow (B)
0
-$
69,000
-$
79,000
1
27,500
19,500
2
37,000
22,500
3
25,500
35,000
4
12,500
239,000
What is the payback period for both projects?(Round your answers to 2 decimal places, e.g., 32.16.)
Which project should the company accept?
- Project B
- Project A
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