Cullumber Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $909,000, and project B's cost is $1,369,900. Cash flows from both projects are given in the following table. Year 1 2 3 ot in Progress 4 Project A $86,212 313,562 427,594 285,552 Project B $586,212 413,277 231,199 What are their discounted payback periods? (Round answers to 2 decimal places, e.g. 15.25. If discounted payback period exceeds 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? SU

Cullumber Manufacturing Co, is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost. of $909.000, and project B's cost is $1,369.900. Cash flows from both oroiects are given in the following table: What are their discounted payback periods? (Round answers to 2 decimal places, es. 15.25. If discounted payback period exceeds life of the project, enter 0.00 for the answer.) Discounted paybisckperiod of project A Discounted parbock period of project B Which will be accepted with a discount rate of 8 percent