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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 2 4 -$68,000$
Bronco, Inc., imposes a payback cutoff of three years for its international investment projects Year Cash Flow (A) Cash Flow (B) 0 2 4 -$68,000$ 78,000 9,000 22,000 34,000 238,000 27,000 36,000 25,000 12,000 What is the payback period for both projects? (Round your answers to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Project A Project B 2.14 years 3.09 years
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