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Maxwell Software, Inc., has the following mutually exclusive projects. Year Project A Project B 0 $21 ,000 $24,000 1 12,500 13,500 2 9,000 10,000 3

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Maxwell Software, Inc., has the following mutually exclusive projects. Year Project A Project B 0 $21 ,000 $24,000 1 12,500 13,500 2 9,000 10,000 3 3,000 9,000 I a-1. Calculate the payback period for each project. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Payback period Project A Project B l 1 years a-2. Which, if either, of these projects should be chosen? 0 ProjectA C\

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