Question: 1. Award: 10.00 points Problem 9-3 Calculating Payback (LO2) McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company
1. Award: 10.00 points Problem 9-3 Calculating Payback (LO2) McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects Year 0 Cash Flow (A) -$ 73,000 28,000 33,000 26,000 13,000 Cash Flow (B) -$ 85.000 20.000 23,000 31,000 235,000 2 3 4 What is the payback period for both projects? (Round the final answers to 2 decimal places.) Project A Project B Payback period years years Which project should the company accept? Project A Project B
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