Question: Problem 8-3 Calculating Payback (LO 1] Stenson, Inc., Imposes a payback cutoff of three years for its International Investment projects. Assume the company has the

 Problem 8-3 Calculating Payback (LO 1] Stenson, Inc., Imposes a payback

Problem 8-3 Calculating Payback (LO 1] Stenson, 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 -$53,000-$ 98,000 1 21,000 23,000 2 27,800 28.000 3 23,000 31.000 4 9,000 242.000 What is the payback period for each project? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Project A Project B years years Which, if either project(s) should the company accept

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