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) -$ 70,400 27,000 32,000 25,000 12,000 Cash Flow (B) -$ 82,000 19,000 22,000 30,000 234,000 What is the payback period for both projects? (Round the final answers to 2 decimal places.) Project A Project B Payback period years years Which project should the company accept? O Project A O Project B