Consider the following two mutually exclusive projects:

Whichever project you choose, if any, you require a return of $15$ percent on your

investment.

a$-1.$ What is the payback period for each project? $($Do not round intermediate

calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

If you apply the payback criterion, which investment will you choose?

Project A

Project B