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Timeline Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $927,240, and

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Timeline Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $927,240, and project B's cost is $1,392,400. 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. It 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? Timeline should choose

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