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Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects. What is the payback period for both projects? (Round your
Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects.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?
Year Cash Flow (A) Cash Flow (B)
0 -$70,000 -$80,000
1 28,000 20,000
2 38,000 23,000
3 26,000 36,000
4 13,000 240,000
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