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 12 percent. Year 0 12345 Project F -$ 131,000 Project G -$201,000 62,000 42,000 48,000 57,000 58,000 88,000 53,000 118,000 48,000 133,000 a. Calculate the payback period for both projects. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Calculate the NPV for both projects. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Which project, if any, should the company accept? a. Project F Project G b. Project F C. Project G years years