Problem 11-19A Comprehensive Problem IL011-1, LO 11-2, L011-3, LO11-4] Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five-year period. His annual pay raises are determined by his division's return on investment (ROI), which has exceeded 21% each of the last three years. He has computed the cost and revenue estimates for each product as follows: Product A Product B Initial investment: Cost of equipment (zero salvage value) $270,000 $480,000 Annual revenues and costs: $320,000 $420,000 Sales revenues $148,000 198,000 Variable expenses 54,000 96,000 Depreciation expense 77,000 57,000 Fixed out-of-pocket operating costs The company's discount rate is 19%. Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables. Required: 1. Calculate the payback period for each product. (Round your answers to 2 decimal places.) Product A Product B Payback period years years