Timeline Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $845,140, and project Bs cost is $1,190,400. Cash flows from both projects are given in the following table.

Year		Project A		Project B
1		$86,212		$586,212
2		313,562		413,277
3		427,594		231,199
4		285,552

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 periods of project A
Discounted payback periods of project B

Which will be accepted with a discount rate of 8 percent?

Timeline should choose

Project Aneither projectProject BBoth projects

.