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Problem 8 - 2 1 NPV and Payback Period [ LO 1 , 4 ] Andouille Spices, Incorporated, has the following mutually exclusive projects available.

Problem 8-21 NPV and Payback Period [LO 1,4] Andouille Spices, Incorporated, has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 14 percent. YearProject FProject G0$ 143,000$ 213,000156,00036,000254,00051,000364,00094,000459,000124,000554,000139,000 a. Calculate the payback period for both projects. b. Calculate the NPV for both projects. c. Which project, if any, should the company accept? a. Project F yearsProject G yearsb. Project F Project G c.

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