Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume...
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Accounting
| 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 | $ | 64,000 | $ | 109,000 |
| 1 | 26,500 | 28,500 | ||
| 2 | 34,400 | 33,500 | ||
| 3 | 28,500 | 25,500 | ||
| 4 | 14,500 | 231,000 | ||
| 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: ( ) Years Project B: ( ) Years
|
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