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

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

Net present value Project F $ Project G $

c. Which project, if any, should the company accept? (Click to select) Project F Project G Neither project