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Consider the following cash flows of two mutually exclusive projects for Tokyo Rubber Company. Assume the discount rate for both projects is 8 percent. Year

Consider the following cash flows of two mutually exclusive projects for Tokyo Rubber Company. Assume the discount rate for both projects is 8 percent.
Year Dry Prepreg Solvent Prepreg
0$ 1,800,000$ 715,000
11,080,000380,000
2840,000627,000
3870,000396,000
a. What is the p ayback period for both projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)

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