Question: Timeline Manufacturing Co. management is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $912,855,

 Timeline Manufacturing Co. management is evaluating two projects. The company uses

Timeline Manufacturing Co. management is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $912,855, and Project B's cost is $1,175,000. Cash Flows from both projects arc given in the following table. What are their discounted payback periods, and which will be accepted with a discount rate of 8%

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