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Blossom Crafts Corp. management is evaluating two independent capital projects that will each cost the company $290,000. The two projects will provide the following cash

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Blossom Crafts Corp. management is evaluating two independent capital projects that will each cost the company $290,000. The two projects will provide the following cash flows: Year Project A $66,750 103,450 Project B $28,910 1 2 98,120 3 40.235 188,900 4 151,655 82,110 (21) What is the payback period of both projects? (Round answers to 2 decimal places, eg. 15.25.) years The Payback of Project Ais years and Project Bis

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