McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects

Year Cash Flow $($A$)$ Cash Flow $($B$)$

$0$$ $62,600$$ $73,000$

$124,00016,000$

$229,00019,000$

$322,00027,000$

$49,000231,000$

What is the payback period for both projects? $($Round the final answers to $2$ decimal places.$)$

Payback period

Project A

years

Project B

years

Which project should the company accept?