27 of 30 < View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. 0/0.1 Sheridan Bancorp has made an investment in banking software at a cost of $1,866,200. If management expects productivity gains and cost savings to generate additional cash flows of $456,900, $887,600, $519,600, and $322,760 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.) Payback period is years eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 Attempts: 1 of 3 used Submit Answer Qu Mun Que Mult Ques Multip Question 20 of 30 -/0.35 E ! Management of Sandhill Measures, Inc., is evaluating two independent projects. The company uses a 10.00 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. Year Project 1 Project 2 0 $8,312,840 $12,291,200 1 3,133,400 2,231,330 2 1,948,290 3,998,800 3 1,337,600 3,113,090 4 1,268,900 3,734,310 5 1,111,380. 4,640,780 6 1,713,940 7 1.279,290 What are their NPVs? (Enter negative amounts using negative sign, e.g. 45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.) The NPV of Project 1 is 5 and the NPV of Project 2 is $