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i - X Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Cash Flow Cost Cash flow year

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i - X Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Cash Flow Cost Cash flow year 1 Cash flow year 2 Cash flow year 3 Cash flow year 4 Cash flow year 5 Cash flow year 6 A $14,000 $7,000 $7,000 $7,000 $7,000 $7,000 $7,000 B $95.000 $19,000 $9,500 $38.000 $28,500 SO SO Print Done Payback period. Given the cash flow of two projects-A and B-in the following table, 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. What is the payback period for project A? years (Round to one decimal place.)

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