Question: Current Attempt in Progress Blossom Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a

 Current Attempt in Progress Blossom Manufacturing Co. is evaluating two projects.

Current Attempt in Progress Blossom Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $918,000, and project B's cost is $1,099,100. Cash flows from both projects are given in the following table. Year Project A Project B 1 $86,212 $586,212 2 313,562 413,277 3 427,594 231,199 4 285.552 What are their discounted payback periods? (Round answers to 2 decimal places, eg. 15.25. If discounted payback period exceeds life of the project, enter 0.00 for the answer.) Discounted payback period of project A Discounted payback period of project B Which will be accepted with a discount rate of 8 percent? Blossom should choose Both projects Project B e Textbook and Medi neither project Project A

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