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McKernan Inc. imposes a payback cutoff of three years for its international investment projects. Year Cash Flow cash flow A cash flow B 0 -$60,000-$70,000

McKernan Inc. imposes a payback cutoff of three years for its international investment projects.

Year Cash Flow

cash flow A cash flow B

0 -$60,000-$70,000

1 23,00015,000

2 28,00018,000

3 21,00026,000

4 8,000230,000

What is the payback period for both projects?

Payback periodProject AyearsProject Byears

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