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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 $ 53,000 $

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

Year Cash Flow (A) Cash Flow (B)
0 $ 53,000 $ 63,000
1 19,500 11,500
2 21,000 14,500
3 17,500 19,000
4 4,500 223,000

What is the payback period for both projects?

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