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Furillo, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year 0

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Furillo, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year 0 1 Cash Flow (A) -$ 100,000 40,000 42,000 20,000 14,000 Cash Flow (B) -$ 165,000 38,000 40,000 61,000 250,000 2 3 4 a. 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.) b. Which, if either, of the projects should the company accept? years a. Project A Project B b. Project acceptance years

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