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	-$180,000	-$280,000
1	93,600	64,800
2	64,800	86,400
3	81,600	123,600
4	72,000	166,800
5	64,800	187,200

a. Calculate the payback period for both projects.

b. Calculate the NPV for both projects.

c. Which project, if any, should the company accept?