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 time line 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 -1,150 650 370 220 270 Project B -1,150 250 305 370 720 What is Project A's payback? Do not round intermediate calculations. Round your answer to four decimal places. years Hide Feedback Partially Correct Check My Work Feedback Review the payback definition. The solution for payback is a number not a percentage rate or dollar value. The payback calculation is not dependent on the firm's WACC. Don't forget the minus sign for the Year 0 cash flow. What is Project A's discounted payback? Do not round intermediate calculations. Round your answer to four decimal places. years Hide Feedback Incorrect Check My Work Feedback Review the discounted payback definition. The solution for discounted payback is a number not a percentage rate or dollar value. The discounted payback calculation is dependent on the firm's WACC. Don't forget the minus sign for the Year 0 cash flow. What is Project B's payback? Do not round intermediate calculations. Round your answer to four decimal places. years Hide Feedback Incorrect Check My Work Feedback Review the payback definition. The solution for payback is a number not a percentage rate or dollar value. The payback calculation is not dependent on the firm's WACC. Don't forget the minus sign for the Year 0 cash flow. What is Project B's discounted payback? Do not round intermediate calculations. Round your answer to four decimal places. years