Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available.     

 Year        Cash Flow A    Cash Flow B 

  0        -$ 56,000             -$ 101,000       

  1          22,500                   24,500       

  2          29,600                  29,500       

  3          24,500                  29,500        

  4          10,500                  239,000              

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

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Payback period Payback period is a method in capital budgeting This tells us how much time it will t... View the full answer