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Bronco, Inc., imposes a payback cutoff of three years for its international investment projects Year Cash Flow (A) Cash Flow (B) $53,000 0 2 4
Bronco, Inc., imposes a payback cutoff of three years for its international investment projects Year Cash Flow (A) Cash Flow (B) $53,000 0 2 4 19,500 21,000 17,500 4,500 63,000 11,500 14,500 9,000 223,000 What is the payback period for both projects? (Round your answers to 2 decimal places, e.g., 32.16.) Project A years years Project B
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