Question: 1 Problem 9-3 Calculating Payback (L02) McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following

1 Problem 9-3 Calculating Payback (L02) McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects 10_ Cash Flow Cash Flow Po'mS Year (A) (B) 0 $109,400 $127,000 1 42 , 000 34, 000 eBook 2 47 , 000 37 , 000 3 40 , 000 45 , 000 4 27,000 249,000 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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