Oriole Crafts Corp. management is evaluating two independent capital projects that will each cost the company $$260,000.$ The two

projects will provide the following cash flows:

$($a$1)$

Your answer is correct.

What is the payback period of both projects? $($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

The Payback of Project A is

years and Project $B$ is

years.

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Attempts: $2$ of $3$ used

$($a$2)$

Which project will be chosen if the company's payback criterion is three years?

Oriole should choose

What if the company accepts all projects as long as the payback period is less than five years?

Oriole should choose