X-treme Vitamin Company is considering two investments, both of which cost $11,000. The cash flows are...

  

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X-treme Vitamin Company is considering two investments, both of which cost $11,000. The cash flows are as follows Year Project A 1 $ 15,000 2 B 6,000 5,088 Project B $ 11,000 6,000 10,000 Use Appendix B for an approximate answer but calculate your final answer using the formula and financial val methods e-1. Calculate the payback period for Project A and Project B Note: Round your answers to 2 decimal places Payback Period X-treme Vitamin Company is considering two investments, both of which cost $11,000. The cash flows are as follows Year Project A 1 $ 15,000 2 B 6,000 5,088 Project B $ 11,000 6,000 10,000 Use Appendix B for an approximate answer but calculate your final answer using the formula and financial val methods e-1. Calculate the payback period for Project A and Project B Note: Round your answers to 2 decimal places Payback Period