Eia Incorporated uses discounted payback period for projects under PhP 25,000 and has a cut off period of 4 years for these small value projects. Two projects, R and S are under consideration. The...

Ela incorporated uses discounted payback period for projects under PhP 25.000 and has a cut off period of 4 years for these small value projects. Two projects. R and S are under consideration. The anticipated cash flows for these two projects are listed below. If Ela incorporated uses an 8% discount rate on these projects are they accepted or rejected?

Extracted text: Eia Incorporated uses discounted payback period for projects under PhP 25,000 and has a cut off period of 4 years for these small value projects. Two projects, R and S are under consideration. The anticipated cash flows for these two projects are listed below. If Eia Incorporated uses an 8% discount rate on these projects are they accepted or rejected? Cash Flows Project R Project S Initial Cost PhP 24,000 PhP 18,000 Year 1 PhP 6,000 PhP 9,000 Year 2 PhP 8,000 PhP 6,000 Year 3 PhP 10,000 PhP 6,000 Year 4 PhP 12,000 PhP 3,000 (A Accept Project R; Reject Project S (B Accept Project S; Reject Project R © Accept both Projects D Reject both Projects