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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