onsider the following two mutually exclusive projects:

Year	Cash Flow (A)		Cash Flow (B)
0	$	425,000			$	95,000
1		120,000				54,000
2		80,000				37,000
3		80,000				34,500
4		480,000				29,600

Whichever project you choose, if any, you require a 15% return on your investment.

a-1. What is the payback period for each project? (Round the final answers to 2 decimal places.)

	Payback Period
Project A	years
Project B	years