Current Attempt in Progress Cullumber Manufacturing Co. is evaluating two projects. The company uses payback criteria...

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Current Attempt in Progress Cullumber Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $920,000, and project B's cost is $1,136,600. 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, e.g. 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? Current Attempt in Progress Cullumber Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $920,000, and project B's cost is $1,136,600. 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, e.g. 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?