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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 Cash Flow Year 0

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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 Cash Flow Year 0 1 2 Cash Flow (A) - 99,000 38.000 43,000 36,000 23,000 -$115,000 30,000 33,000 41,000 245,000 What is the payback period for both projects? (Round the final answers to 2 decimal places.) Payback period Project years Project years Which project should the company accept? Project A O Project B

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