Jones and company are considering investing in two mutually exclusive projects. Projects A and project B. The cash flows for each project are shown below. Project A Time Cash flow Project B Time Cash flow 0 1 -250,000 100,000 2 125,000 3 4 5 75,000 55,000 25,000 6 10,000 0 1 2 3 4 5 6 -200,000 55,000 165,000 10,000 35,000 35,000 12,000 Calculate the payback for each project. Based on the payback, which project should be accepted? Show your calculations.