What is Project A's payback AND discounted payback? Round your answer to four decimal places. Furthermore, explain and show the steps done to solve the problem using excel.

Quantitative Problem: Bellinger Industries is considering two projects for inclusion in its capital budget, and you have been asked to do the analysis. Both projects' after-tax cash flows are shown on the time line below. Depreciation, salvage values, net operating working capital requirements, and tax effects are a included in these cash flows. Both projects have 4-year lives, and they have risk characteristics similar to the firm's average project. Bellinger's WACC is 10%. 650 425 250 360 250 Project A -900 300 400 750 Project B -900