Tri Star, Inc., has the following mutually exclusive projects:

Year	Project A				Project B
0	$	13,900			$	9,300
1		8,500				4,000
2		7,100				3,500
3		2,100				5,900

Calculate the payback period for each project. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	Payback Period
Project A	years
Project B	years

Based on the payback period, which project should the company accept?

	Project A
	Project B

If the appropriate discount rate is 11 percent, what is the NPV for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	NPV
Project A	$
Project B	$

Based on the NPV, which project should the company accept?

	Project A
	Project B