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.1i. Buy Coastal, Inc., imposes a payback cutoff of three years for its international investment projects. If the
company has the following two projects available, should it accept either of them?
| Year | Cash Flow (A) | Cash Flow (B) |
| 0 | -$40,000 | -$60,000 |
| 1 | 19,000 | 14,000 |
| 2 | 25,000 | 17,000 |
| 3 | 18,000 | 24,000 |
| 4 | 6,000 | 270,000 |
ii. An investment project provides cash inflows of $765 per year for eight years. What is the project payback
period if the initial cost is $2,400? What if the initial cost is $3,600? What if it is $6,500?
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