Choosing between two projects with acceptable payback periods Shell Camping Gear, Inc., is considering two

mutually exclusive projects. Each requires an initial investment of $$100,000.$ John Shell, president of the company,

has set a maximum payback period of $4$ years.

The cash inflows associated with each project are shown in the following table:

a$.$ Determine the payback period of each project.

b$.$ Which project is acceptable based on payback period?

Data table

$($Click on the icon here $$ in order to copy the contents of the data table below

into a spreadsheet.$)$