Question: Self-Study Problem 10.02 al-a2 (Part Level Submission) Cullumber Crafts Corp. management is evaluating two independent capital projects that will each cost the company $290,000. The

Self-Study Problem 10.02 al-a2 (Part Level Submission) Cullumber Crafts Corp. management

Self-Study Problem 10.02 al-a2 (Part Level Submission) Cullumber Crafts Corp. management is evaluating two independent capital projects that will each cost the company $290,000. The two projects will provide the following cash flows: Year Project A Project B 1 $84,750 $66,000 2 103,450 99,000 24,235 137,250 4 129,655 98,110 Nm + (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

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