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Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. 0 Year

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Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. 0 Year Cash Flow A Cash Flow B -$58,000 -$103,000 23,500 25,500 30.800 30,500 25,500 28,500 4 11,500 237,000 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.) years Project A Project B years Which, if either project(s) should the company accept? Accept both Projects A and B Accept Project A and reject Project B rent Drniart and react Deniart

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