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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. Year Cash
Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. |
Year | Cash Flow A | Cash Flow B | ||
0 | $ | 56,000 | $ | 101,000 |
1 | 22,500 | 24,500 | ||
2 | 29,600 | 29,500 | ||
3 | 24,500 | 29,500 | ||
4 | 10,500 | 239,000 | ||
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.) |
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