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Siva, Inc., imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (A) Cash Flow (B) 0 $ 55,000 $

Siva, Inc., imposes a payback cutoff of three years for its international investment projects.

Year Cash Flow (A) Cash Flow (B)
0 $ 55,000 $ 65,000
1 20,500 12,500
2 23,000 15,500
3 18,500 21,000
4 5,500 225,000

What is the payback period for both projects?(Round your answers to 2 decimal places, e.g., 32.16.)

Payback period
Project A years
Project B years

Which project should the company accept?

Project A

Project B

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