Question: Self-Study Problem 10.02 a1-a2 (Part Level Submission) Pharoah Crafts Corp. management is evaluating two independent capital projects that will each cost the company $300,000. The

Self-Study Problem 10.02 a1-a2 (Part Level Submission) Pharoah Crafts Corp. management

Self-Study Problem 10.02 a1-a2 (Part Level Submission) Pharoah Crafts Corp. management is evaluating two independent capital projects that will each cost the company $300,000. The two projects will provide the following cash flows: Year Project A Project B $70,750 $55,000 1 99,450 88,125 3 40,235 163,250 4 155.655 98,110 (a1) What is the payback period of both projects? (Round answers to 2 decimal places, e.g. 15.25.) The Payback of Project A is years and Project B is years. Click if you would like to Show Work for this question: Open Show Work

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