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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