Question: Problem 8-7 Payback (LO3) Refer to two projects with the following cash flows: Year Project A Project B 0 $100 $100 1 40 50 2

Problem 8-7 Payback (LO3)

Refer to two projects with the following cash flows:

Year Project A Project B
0 $100 $100
1 40 50
2 40 50
3 40 50
4 40

What is the payback period of each project (in years)? (Round your answers to 1 decimal place.)

Project A years
Project B years

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