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Buy Coastal, Inc, imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (B) 70,000 Cash Flow (A) -$60,000 23,000

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Buy Coastal, Inc, imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (B) 70,000 Cash Flow (A) -$60,000 23,000 28,000 21,000 8,000 $ 1 2 15,000 18,000 26.000 230.000 What is the payback period for both projects? (Round your answers to 2 decimal places. (e.s., 32.15)) Project A Project B Payback period years years Which project should the company accept? Project B Project A

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