Simon Electronics Ltd is evaluating two projects. The company uses a payback criterion of 3 years. Project A has a cost of $912,855, and the cost of Project B will be $1,175,000. The company uses a discounted rate of 8 percent. Cash flows from both projects are given in the following table. Project A Project B Year $86,212 $586,212 $313,562 $413,277 $427,594 $351,199 3 $285,552 4 Required What is the discounted payback period for Project A and Project B. Will any project be accepted and why? a) b) Explain the ordinary payback period and discount payback period as a capital budgeting tools, including their strengths and weaknesses