Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. 了富 Year Cash Flow A Cash Flow B -$58,000 23,500 30,800 25,500 11,500 -$103,000 25,500 30,500 28,500 237,000 1 2 4 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 Which, if either, project(s) should the company accept?

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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
-$58,000 -$103,000
23,500
30,800
25,500
11,500
25,500
30,500
28,500
237,000
1
2
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
Which, if either, project(s) should the company accept?
Transcribed Image Text: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 -$58,000 -$103,000 23,500 30,800 25,500 11,500 25,500 30,500 28,500 237,000 1 2 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 Which, if either, project(s) should the company accept?
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