Project A as well as project B require an initial investment of $1,050,000, have a 6-year life, and have expected total cash inflows of $1,680,000. Proposal A is expected to provide an annual net cash inflow of $280,000, while the annual net cash inflows for Proposal B are as follows:

Year 1 $350,000

Year 2 $315,000

Year 3 $280,000

Year 4 $280,000

Year 5 $245,000

Year 6 $210,000

Determine the cash payback period for each proposal. Round your answers to two decimal places.

Cash Payback Period

Proposal A

years

Proposal B

years

Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $750,000. Proposal L is expected to provide equal annual net cash flows of $125,000, while the net cash flows for Proposal K are as follows:

Year 1 $250,000

Year 2 200,000

Year 3 100,000

Year 4 90,000

Year 5 60,000

Year 6 50,000

$750,000

Determine the cash payback period for each proposal. Round your Proposal K answer to one decimal place.

Cash Payback Period

Proposal L

years

Proposal K

years