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Cullumber Crafts Corp. management is evaluating two independent capital projects that will each cost the company $250.000. The two projects will provide the following cash

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Cullumber Crafts Corp. management is evaluating two independent capital projects that will each cost the company $250.000. The two projects will provide the following cash flows: Year 1 Project Project B $72.750 $18.450 79,450 78,100 48,235 155,600 2 3 4 139,655 88,110 (21) What is the payback period of both projects? (Round answers to 2 decimal places, e.g. 15.25.) The Payback of Project Ais years and Project Bis years

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