Grant, Incorporated, has the following mutually exclusive projects

Year	Project A	Project B
0	$ 14,200	$ 9,600
1	8,800	4,300
2	7,400	3,800
3	2,100	6,200

Calculate the payback period for each project.

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

Based on the payback period, which project should the company accept?

If the appropriate discount rate is 14 percent, what is the NPV for each project?

Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.

Based on the NPV, which project should the company accept?

A. Project A

Project B

B. Payback decision

C.Project A

Project B

D. NPV decision