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 14 percent.

Year	Project F			Project G
0	$	128,000		$	198,000
1		63,500			43,500
2		46,500			58,500
3		56,500			86,500
4		51,500			116,500
5		46,500			131,500

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	$