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.

YearProject FProject G0$142,000$212,000156,50036,500253,50051,500363,50093,500458,500123,500553,500138,500

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 periodProject FyearsProject Gyears

(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 valueProject F$Project G$

(c)Which project should the company accept?