Kaleb Konstruction, Inc., has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 13 percent.

Year Project F Project G

0 $ 137,000 $ 207,000

1 59,000 39,000

2 51,000 54,000

3 61,000 91,000

4 56,000 121,000

5 51,000 136,000

a. Calculate the payback period for both projects. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Payback period

Project F years

Project G years

b. Calculate the NPV for both projects. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Net present value

Project F $

Project G $

c. Which project, if any, should the company accept?