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 12 percent.

Year	Project F			Project G
0	$	136,000		$	206,000
1		59,500			39,500
2		50,500			54,500
3		60,500			90,500
4		55,500			120,500
5		50,500			135,500

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 FProject GNeither project