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Use the following information for the next 3 questions. Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate

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Use the following information for the next 3 questions. Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for both projects is 8 percent. What is the payback period, in years, for AZM Mini-SUV? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Question 27 What is the payback period, in years, for AZF Full-SUV? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Question 28 If AZ-Motorcars' management desire 1.5 years or less to recovery their initial investment, which project(s), if any, based on the payback period rule, should they accept? AZM Mini-SUV AZF Full-SUV Both projects should be chosen. None of the projects should be chosen

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