Bronco, Inc., imposes a payback cutoff of three years for its international projects.
Year Cash Flow (A) Cash Flow (B)
0 -$58,000 -$ 68,000
1 22,000 14,000
2 26,000 17,000
3 20,000 24,000
4 7,000 228,000
What is the payback period for both projects? (Round your answers to places, e.g., 32.16.)
Project A years
Project B years
Which project should the company accept?
Project B
Project A