Question: Consider the following two mutually exclusive projects: Year Cash Flow (A) -$284,647 29,100 54,000 56,000 395,000 Cash Flow (B) -$16,246 5,635 8,644 13,065 9,618 2

 Consider the following two mutually exclusive projects: Year Cash Flow (A)

Consider the following two mutually exclusive projects: Year Cash Flow (A) -$284,647 29,100 54,000 56,000 395,000 Cash Flow (B) -$16,246 5,635 8,644 13,065 9,618 2 3 4 Whichever project you choose, if any, you require a 6 percent return on your investment. a. What is the payback period for Project A? b. What is the payback period for Project B

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