Tri Star, Inc., has the following mutually exclusive projects: Year Project A Project B 0 $ 14,300
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Question:
- Tri Star, Inc., has the following mutually exclusive projects:
Year Project A Project B
0 $ 14,300 $ 9,700
1 8,900 4,400
2 7,500 3,900
3 2,100 6,300
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 B
Project A
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