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Choosing between two projects with acceptable payback periods Shell Camping Gear, Inc., is considering two mutually exclusive projects. Each requires an initial investment of $140,000. John Shell, president of the company, has set a maximum payback period of 4 years. The cash inflows associated with each project are shown in the following table: a. Determine the payback period of each project. b. Which project is acceptable based on payback period? Data table a. The payback period of project A is years. (Round to two decimal places.) (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) he payback period of project B is years. (Round to two decimal places.) Year b. Which project is acceptable based on payback period? (Select the best answer below.) 1 2 Cash inflows (CF) Project A Project B $20,000 $50,000 $30,000 $40,000 $40,000 $30,000 $50,000 $20,000 $20,000 $20,000 3 Project A would be preferred over project B because the larger cash flows are in the later years of the project. Project B would be preferred over project A because the larger cash flows are in the early years of the project. 4 5 Print Done