Question: 1 Problem 93 Calculating Payback (L02) McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following

1 Problem 93 Calculating Payback (L02) McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects ' Cash Flow Cash Flow \"ms Yea r (A) (B) a $m9,4oa 4127.000 ) 1 42 , 000 34, 000 2 \"'5'\" 2 47,000 37,000 3 40,000 45,000 4 27,000 249,000 El I eBzol-c What is the payback period for both projects? (Round the final answers to 2 decimal places.) Payback period Project A |:| years Project B |:| years Which project should the company accept? Project A Project B

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