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Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available Year
Global Toys, 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 S 59,000 24,000 31,400 26,000 12,000 Cash Flow B $104,000 26,000 31,000 28,000 236,000 Requirement What is the payback period for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Payback period Project A years Project B years Requirement 2. Should it accept either of them
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