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 10 percent.

Year	Project F		Project G
0	$	195,000	$	298,000
1		98,400		71,600
2		86,300		94,500
3		81,600		123,600
4		72,000		166,800
5		64,800		187,200

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.)
b.	Calculate the NPV for both projects. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
c.	Which project should the company accept?