3.57 points Problem 8-21 NPV and Payback Period [LO 1,4] Kaleb Konstruction, Inc., has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 13 percent. Year Project F Project G 0 $ 142,000 $ 212,000 1 56,500 36,500 2 53,500 51,500 3 63,500 93,500 4 58,500 123,500 5 53,500 138,500 Required: (a) Calculate the payback period for both projects. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Payback period Project F years Project G years (b) Calculate the NPV for both projects. (Do not round Intermediate calculations. Round your answers to 2 decimal places (0.9. 32.16).) Net present value $ Project F Project G $ (c) Which project should the company accept? Project G References eBook & Resources 7*** 20.2.C