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Crane Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $ 1,072,640,

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Crane Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $ 1,072,640, and project B's cost is $ 1.128,800, Cash flows from both projects are given in the following table Year Project A Project B $ 86.212 $ 586.212 1 2 313 562 413.277 3 427,594 231,199 4 285,552 What are their discounted payback periods? (Round answers to 2 decimal ploces es 15.25. If discounted payback period oceeds life of the project, enter 0.00 for the answer) Discounted payback period of project A Discounted payback period of project B Which will be accepted with a discount rate of 8 percent? Crane should choose

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