Your firm is considering the following mutually exclusive projects:

The payback period for Project A is ______ years, and the payback period for Project B is ______ years. Therefore, using solely the payback period decision criteria, your firm should choose Project _______ .

Project A $20,000 12,000 8,500 2,900 Year Project B $23,000 13,000 9,500 8,500 0 2