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$$ $48,000$$ $93,000$

$118,50020,500$

$224,80025,500$

$320,50033,500$

$46,500247,000$

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?