Problem 9-3 Calculating Payback (LO2) McKernan Inc. imposes a payback cutoff of three years for its international investment projects. The company has the following two projects Year 1 2 3 4 Cash Flow (A) -$104,200 40,000 45,000 38,000 25,000 Cash Flow (B) -$121,000 32,000 35,000 43,000 247,000 INM What is the payback period for both projects? (Round the final answers to 2 decimal places.) Project A Project B Payback period years years Rectangular Sni Which project should the company accept? Project A O Project B