Question: Timeline Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $912,855, and

Timeline Manufacturing Co. is evaluating two projects. The company uses payback criteria of three years or less. Project A has a cost of $912,855, and project B’s cost is $1,175,000. Cash flows from both projects are given in the following table. What are their discounted payback periods and which will be accepted with a discount rate of 8 percent?

Year	Project A	Project B
1	$ 86,212	$586,212
2	$313,562	$413,277
3	$427,594	$231,199
4	$285,552

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