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Consider the following cash flows of two mutually exclusive projects for AZ - Motorcars. Assume the discount rate for both projects is 8 percent. Year

Consider the following cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate for both projects is 8 percent.
Year | AZM Mini-SUV | AZF Full-SUV
0|$ 530,000|$ 880,000
1| $336,000| $366,000
2| $212,000| $452,000
3| $166,000| $306,000
a.
What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)

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