Harrison Company is considering an investment in a new automated production system. The new system requires an initial investment of $7,000,000 and generates either of the following cash flows:

1. Even cash flows of $1,400,000 per year
2. The following expected annual cash flows from Year 1 through Year 5: $1,100,000, $1,680,000, 3,280,000, $1,880,000, and $600,000

Required:

Complete the following:If required, round your answers to one decimal place.

A.The payback period for the even cash flows is_____years.

B.The payback period for the uneven cash flows is____years.