Question: please help, thank you Problem 8-3 Calculating Payback [LO 1] Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects.
Problem 8-3 Calculating Payback [LO 1] Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year 0 1 Cash Flow A $ 46,000 17,500 23,600 19.500 5,500 Cash Flow B $ 91,000 19,500 24,500 34,500 249,000 Requirement 1: What is the payback period for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (eg.. 32.16).) Project A Project B Payback period years years Requirement 2: Should it accept either of them? (Click to select)
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