Payback period.Given the cash flow of two projectsA and Band using the payback period decisionmodel, whichproject(s) is accepted and whichproject(s) is rejected if there is athree-year cutoff period for recapturing the initial cashoutflow? For payback periodcalculations, assume that the cash flow is equally distributed over the year.

QU iZ' Chapter 9 qUiZ 2020 Time Remaining: 00:39:33 Submit Quiz This Question: 1 pt 4 1 of 3 (0 complete) 7 p This Quiz: 3 pts possible i} Payback period. Given the cash ow of two projectsA and Band using the payback period decision model, which project(s) do you accept and which project(s) do you reject if you have a three-year cutoff period for recapturing the initial cash outow? For payback period calculations, assume that the cash ow is equally distributed over the year. Cash Flow A B Cost $14,000 $105,000 Cash ow year 1 $7,000 $10,500 Cash ow year 2 $21,000 Cash ow year 3 $31,500 Cash ow year 4 $42,000 Cash ow year 5 $0 Cash ow year 6 $7,000 $0 What is the payback period for project A? :l years (Round to one decimal place.) With a three-year cutoff period for recapturing the initial cash outow, projectA would be V . (Select from the drop-down menu.) What is the payback period for project B? accepted El years (Round to one decimal place.) _ rejected With a three-year cutoff period for recapturing the initial cash outow, project B would be IVI. (Select from the drop-down menu.)