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Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (A) Cash Flow (B) 0 $ 50,000

Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects.

Year Cash Flow (A) Cash Flow (B)
0 $ 50,000 $ 60,000
1 18,000 10,000
2 18,000 13,000
3 16,000 16,000
4 3,000 220,000

What is the payback period for both projects? (Round your answers to 2 decimal places. (e.g., 32.16))

Payback period
Project A _____years
Project B _____years

Which project should the company accept?

Project A or Project B?

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