Kara, Incorporated, imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available.

Year Cash Flow $($A$)$ Cash Flow $($B$)$

$0$$ $59,000$$ $104,000$

$124,00026,000$

$231,40031,000$

$326,00028,000$

$412,000236,000$

What is the payback period for each project?

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Which, if either, of the projects should the company accept?