Given the cash flow of two projects$$A and B$$in the following$$ table, LOADING... $,$ and using the payback period decision$$ model, which$$ project$($s$)$ do you accept and which$$ project$($s$)$ do you reject if you have a $3-$year cutoff period for recapturing the initial cash$$ outflow? For payback period$$ calculations, assume that the cash flow is equally distributed over the year.

Question content area bottom

Part $1$

What is the payback period for project$$ A$?$

enter your response here years $($Round to one decimal$$ place.$)$What is the payback perio

years $($Round to one docimalnlaco$)$

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[$Cash Flow,A$,$B$],[$Cost$,$$$8,000,$$$105,000$Cash Flow

A

B

$$Cost

$$ $$8,000$

$$$$105,000$

$$Cash flow year $1$

$$$$4,000$

$$$$42,000$

$$Cash flow year $2$

$$$$4,000$

$$$$31,500$

$$Cash flow year $3$

$$$$4,000$

$$$$21,000$

$$Cash flow year $4$

$$$$4,000$

$$$$10,500$

$$Cash flow year $5$

$$$$4,000$

$$$$0$

$$Cash flow year $6$

$$$$4,000$

$$$$0$