3.Suppose your firm is considering two independent projects with the cash flows shown as follows. The required rate of return on projects of both of their risk class is 12 percent, and the maximum allowable payback and discounted payback statistic for the projects are two and a half and three years, respectively.

Time	0	1	2	3
Project A Cash flow	-5000	1000	3000	5000
Project B Cash flow	-10000	5000	5000	5000

The discounted payback for project A is

The discounted payback for project B is

(Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)