Question: NPV and Payback Period. Kaleb Konstruction, Inc., has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 10 percent.
![2018_NPV.png](https://secure.tutorsglobe.com/CMSImages/2018_NPV.png)
a. Calculate the payback period for both projects.
b. Calculate the NPV for both projects.
c. Which project, if any, should the company accept?