Choosing between two projects with acceptable payback periods Shell Camping Gear, Inc., is considering two mutually exclusive projects. Each requires an initial investment of

$$140,000.$ 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

a$.$ The payback period of project $A$ is years. $($Round to two decimal pl

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

into a spreadsheet.$)$

The payback period of project B is years. $($Round to two decimal place

b$.$ Which project is acceptable based on payback period? $($Select the bes