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 10 percent.

YearProject F Project G

0 -$150,000-$235,000

1 78,000 54,000

2 54,000 72,000

3 68,000103,000

4 60,000139,000

5 54,000156,000

Calculate the payback period( in years) for both projects.

Calculate the NPV for both projects

Which project should the company accept?