6. The Basics of Capital Budgeting: Evaluating Cash Flows: Payback The Basics of Capital Budgeting: Evaluating Cash Flows: Papback Payback was the earliest | selection criterion. The - -Select- V is a "break-even" calculation in the sense that if a project's cash flows come in at the expected rate, the project will break even. The equation is: Number of Payback=yearspriortofullrecoveryUnrecoveredcostatstartofyearCashflowingfullrecoveryyear merely indicates when a project's investment is recovered. There is no necessary relationship between a given payback and investor wealth maximization. no specific payback rule to justify project acceptance. Both methods provide information about and risk. What is Project A's payback? Do not round intermediate calculations. Round your answer to four decimal places. years What is Project A's discounted payback? Do not round intermediate calculations. Round your answer to four decimal places. years What is Project B's payback? Do not round intermediate calculations. Round your answer to four decimal places. years What is Project B's discounted payback? Do not round intermediate calculations. Round your answer to four decimal places. years