Oriole Crafts Corp. management is evaluating two independent capital projects that will each cost the company...

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Oriole Crafts Corp. management is evaluating two independent capital projects that will each cost the company $260,000. The two projects will provide the following cash flows: Year Project A Project B 1 $60,750 $32,450 2 91,450 85,125 3 32,235 143,250 4 145,655 90,110 (a1) Your answer is incorrect. What is the payback period of both projects? (Round answers to 2 decimal places, e.g. 15.25.) The Payback of Project A is 3.80 years and Project B is 7.43 years. Oriole Crafts Corp. management is evaluating two independent capital projects that will each cost the company $260,000. The two projects will provide the following cash flows: Year Project A Project B 1 $60,750 $32,450 2 91,450 85,125 3 32,235 143,250 4 145,655 90,110 (a1) Your answer is incorrect. What is the payback period of both projects? (Round answers to 2 decimal places, e.g. 15.25.) The Payback of Project A is 3.80 years and Project B is 7.43 years.