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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 12

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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 12 percent. Year 0 1 2 3 4 5 Project F -$ 141,000 57,000 53,000 63,000 58,000 53,000 Project G 211,000 37,000 52,000 93,000 123,000 138,000 Required: (a) Calculate the payback period for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Payback period years Project F Project G years (b) Calculate the NPV for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Net present value $ Project F Project G $ (c) Which project should the company accept? (Click to select)

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