Ivanhoe Crafts Corp. management is evaluating two independent capital projects that will each cost the company $270,000. The two projects will provide the following cash flows: Year Project B Project A 1 $84,750 $65,000 2 95,450 76,125 3 34,235 163,250 4 139,655 94,110 (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.