roject 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