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	Cash Flow A		Cash Flow B
0	$	46,000	$	91,000
1		17,500		19,500
2		23,600		24,500
3		19,500		34,500
4		5,500		249,000

Requirement 1:

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

	Payback period
Project A	years
Project B	years

Requirement 2:

Should it accept either of them?

(Click to select)Accept project A and reject project BAccept both projects A and BAccept project B and reject project AReject both projects A and B