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Consider the following cash flows of two mutually exclusive projects for A-Z Motorcars. Assume the discount rate for both projects is 9 percent. AZF AZM

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Consider the following cash flows of two mutually exclusive projects for A-Z Motorcars. Assume the discount rate for both projects is 9 percent. AZF AZM Year Mini-SUV Full-sUV 0 $485,000 -$835,000 1 327,000 357,000 434,000 157,000 297,000 194,000 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.) Payback peri AZM Mini-sUv AZF Full-suv years 2.7 years

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