McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects Year Cash Flow. Cash Flow (A) 0 -$104,200 (B) -$121,000 1 40,000 32,000 2 45,000 35,000 3 38,000) 43,000 4 25,000 247,000 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 O Project B