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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 Cash Flow
McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects Cash Flow Cash Flow Year (A) (B) -$ 80,800 -$ 94,000 31,000 23,000 36,000 26,000 29,000 34,000 16,000 238,000 1 2 3 4 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 Project B
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