Question: ovell, Inc., has the following mutually exclusive projects. Year Project A Project B 0 $17,000 $20,000 1 10,500 11,500 2 7,000 8,000 3 2,600 7,000

ovell, Inc., has the following mutually exclusive projects. Year Project A Project B 0 $17,000 $20,000 1 10,500 11,500 2 7,000 8,000 3 2,600 7,000 a-1. Calculate the payback period for each project. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.)

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