Andouille Spices, Incorporated, has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 10 percent. Year 0 1 2 3 4 5 C. Project F -$ 130,000 62,500 47,500 57,500 52,500 47,500 Project F Project G b. Project F Project G Project G -$ 200,000 42,500 57,500 87,500 a. Calculate the payback period for both projects. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Calculate the NPV for both projects. 117,500 132,500 Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Which project, if any, should the company accept? years years

Andouille Spices, Incorporated, has the following mutually exclusive projects available. The company has historically used a three-year cutoff for projects. The required return is 10 percent. Year 0 1 2 3 4 5 C. Project F -$ 130,000 62,500 47,500 57,500 52,500 47,500 Project F Project G b. Project F Project G Project G -$ 200,000 42,500 57,500 87,500 a. Calculate the payback period for both projects. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b. Calculate the NPV for both projects. 117,500 132,500 Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. c. Which project, if any, should the company accept? years years