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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 0 2 2
McKernan Inc, imposes a payback cutoff of three years for its international investment projects. The company has the following two projects Year 0 2 2 3 4 Cash Flow (A) -5.91,200 35,000 40,000 33,000 20.000 Cash Flow 3) -$106,000 27,000 30,000 38,000 242,000 . 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
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