Problem $9\mathrm{.}3$ Calculating Payback $[$LO$2]$

Kara, Incorporated, imposes a payback cutoff of three years for its International

Investment projects.

What is the payback perlod for both projects? $($Do not round intermedlate calculations

and round your answers to $2$ decimal places, e$.$g$.,3216.)$

Which project should the company accept?

Project A

Project B