• 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.

Year Project F Project G

0 -150,000 -235,000

1 78,000 54,000

2 54,000 72,000

3 68,000 103,000

4 60,000 139,000

5 54,000 156,000

• • Calculate the payback period for both projects.

  • Calculate the NPV for both projects.

  • Which project, if any, should the company accept?