culating Payback $($LO$2)$ An investment project provides cash inflows of $$585$ per year for eight years. What is the oject payback period if the initial cost is $$1,700?$ What if the initial cost is $$3,300?$ What if it is $$4,900?$ lculating Payback $($LO$2)$ McKernan Inc. imposes a payback cutoff of three years for its international investment jects. If the company has the following two projects available, should they accept either of them?

Year

$0$

$1$

$2$

$3$

$4$

Cash Flow $($A$)$

Cash Flow $($B$)$

$-$$$60,000$

$-$$ $70,000$

$23,000$

$15,000$

$28,000$

$21,000$

$8,000$