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Tri Star, Inc., has the following mutually exclusive projects:

Year	Project A				Project B
0	$	14,300			$	9,700
1		8,900				4,400
2		7,500				3,900
3		2,100				6,300

Calculate the payback period for each project. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	Payback Period
Project A	years
Project B	years

Based on the payback period, which project should the company accept?

• Project B

• Project A

If the appropriate discount rate is 15 percent, what is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	NPV
Project A	$
Project B	$

Based on the NPV, which project should the company accept?