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If company X was considering 2 separate projects, each with an initial required investment of $350,000 and with anticipated returns as follows, what is the

If company X was considering 2 separate projects, each with an initial required investment of $350,000 and with anticipated returns as follows, what is the payback period of each? Please show how to calculate.

Project 1 Project2
Year1=130,000 Year1=110,000
Year2=120,000 Year2=110,000
Year3=100,000 Year3=110,000
Year4=90,000 Year4=110,000

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