ework Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year Cash Flow A Cash Flow B O 1 2 ~ 34 -$62,000 -$ 107,000 27,500 32,500 26,500 233,000 25,500 33,200 27,500 13,500 Project A Project B What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) years years Saved Which, if either, project(s) should the company accept?

Stenson, Inc, imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)