CHAPTER 8 Net Present Value and Other Investment Criteria 21. NPV and Payb exclusive projects a Payback Period. Kaleb Konstruction, Inc., has the following mutually S ects available. The company has historically used a three-year cutoff rojects. The required return is 10 percent. Year Project F -$150,000 78,000 54,000 68,000 60,000 54,000 Project G -$235,000 54,000 72,000 103,000 139,000 156,000 2. Calculate the payback period for both projects. b. Calculate the NPV for both projects. c. Which project, if any, should the company accept