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Bell 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

Bell 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 timeline below. Depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. Both projects have 4-year lives, and they have risk characteristics similar to the firm's average project. Bell WACC is 7%.

Project A

-1,150

650

375

290

340

Project B

-1,150

250

310

440

790

Answer the following. Do not round your intermediate calculations. Round your answer to three decimal places.

What is Project A's payback? ______ years.

What is Project A's discounted payback? ________ years.

What is Project B's payback? ______ years.

What is Project B's discounted payback? _______years.

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