McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects Year 0 1 2 Cash Flow (A) -$ 96,400 37,000 42.000 35,000 22,000 Cash Flow (B) -$112.000 29,000 32,000 40,000 244,000 What is the payback period for both projects? (Round the final answers to 2 decimal places.) Project Project B Payback period years years Which project should the company accept? O Project A O Project B