Bellinger 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. Bellinger's WACC is 8%.

	0		1		2		3		4
Project A	-1,150		650		385		270		320
Project B	-1,150		250		320		420		770

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