Offshore Drilling Products, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year Cash Flow A Cash Flow B 0 $ 59,000 $ 104,000 1 24,000 26,000 2 31,400 31,000 3 26,000 28,000 4 12,000 236,000 Requirement 1: (a) What is the payback period for project A? 4.86 years 2.14 years 5.14 years 1.86 years 3.00 years (b) What is the payback period for project B? 4.92 years 3.08 years 3.92 years .92 years 6.08 years Requirement 2: Should it accept either project? Accept project B and reject project A Reject both projects A and B Accept project A and reject project B Accept both projects A and B