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Crane Crafts Corp. management is evaluating two independent capital projects that will each cost the company $200,000. The two projects will provide the following cash

Crane Crafts Corp. management is evaluating two independent capital projects that will each cost the company $200,000. The two projects will provide the following cash flows:

Year Project A Project B

1

$66,750 $26,450

2

93,450 66,125

3

34,235 143,250

4

151,655 98,110

(a1)

What is the payback period of both projects? (Round answers to 2 decimal places, e.g. 15.25.)

The Payback of Project A is ________________years and Project B is________________ years.

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