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Problem 8-3 Calculating Payback [LO 1 Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has

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Problem 8-3 Calculating Payback [LO 1 Global Toys, 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 ash Flow B -S 52,000 20,500 27,200 22,500 8,500 - 97,000 27,500 243,000 What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Payback period Project A Project B ears years Which, it either, project(s) should the company accept? (Click to select) References eBook & Resources Worksheet Difficulty 1 Basic Section 82 Tho Payback Riule

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