Long-term investment decision, payback method Personal Finance Problem Bill Williams has the opportunity to invest in project A that costs $5,500 today and promises to pay annual cash flows of $2,200, $2,400, $2,400, $1,900 and $1,800 over the next 5 years. Or. BUI can invest $5,500 in project B that promises to pay annual cash flows of $1,400, $1,400, $1,400, $3,400 and $3,900 over the next 5 years. How long will it take for Bill to recoup his initial investment in project A? How long will it take for Bil to recoup his initial investment in project B? Using the payback period, which project should Bill choose? For Bill to recoup his initial investment in project A. it will take years. (Round to two decimal places.)