Question: Consider the following two mutually exclusive projects: Year Cash Flow(A)Cash Flow (B) 0 -$348,000 -$51,000 1 47,000 24,200 2 67,000 22,200 3 67,000 19,700 4

Consider the following two mutually exclusive projects:

Year Cash Flow(A)Cash Flow (B) 0 -$348,000 -$51,000 1 47,000 24,200 2 67,000 22,200 3 67,000 19,700 4 442,000 14,800

Whichever project you choose, if any, you require a return of 14 percent on your investment.

a-1What is the payback period for each project?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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