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Sunland Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $1,131,840, and

image text in transcribed Sunland Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $1,131,840, and project B's cost is $1,315,000. Cash flows from both projects are given in the following table. What are their discounted payback periods? (Round answers to 2 decimal places, e.g. 15.25. If discounted payback period exceeds life of the project, enter 0.00 for the answer.) Discounted payback period of project A Discounted payback period of project B Which will be accepted with a discount rate of 8 percent? Sunland should choose

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