Is this correct:

Part 1:
Situation:Dogs R Us is considering two investment opportunities with the following expected cash flows:
		Project A					Project B
	Year	Investment	Cash Inflow			Year	Investment	Cash Inflow
	1	$ 86,000	$ 24,200			1	$ 82,000	$ 11,000
	2		$ 18,600			2		$ 11,000
	3		$ 14,700			3		$ 11,000
	4		$ 11,500			4		$ 11,000
	5		$ 8,300			5		$ 11,000
	6		$ 5,200			6		$ 11,000
	7		$ 4,300			7		$ 11,000
	8		$ 1,200			8		$ 11,000
a. Compute the payback period of the following investment alternatives. Where necessary, carry comuptations to two decimal places.
		Project A =	6.81 years			Project B =	7.45 years
b. If the company requires a payback period of 7 years, which project(s) would it be willing to invest in? Explain.