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McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects Year 1 2 3

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McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects Year 1 2 3 4 Cash Flow (A) -$ 93,800 36,080 41,eee 34, eee 21, e8e Cash Flow (B) -$ 109,000 28, eee 31, eee 39,000 243,800 What is the payback period for both projects? (Round the final answers to 2 decimal places.) Project A Project B Payback period years years Which project should the company accept? Project A Proiect B

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