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Janina, Incorporated, has the following mutually exclusive projects. Year Project A Project B 0 $ 22,000 $ 25,000 1 13,000 14,000 2 9,500 10,500 3

Janina, Incorporated, has the following mutually exclusive projects.

Year Project A Project B
0 $ 22,000 $ 25,000
1 13,000 14,000
2 9,500 10,500
3 3,100 9,500

a-1.

Calculate the payback period for each project. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.)

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