Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five-year period. His annual pay raises are determined by his division's return on investment (ROI), which has exceeded 23% each of the last three years. He has computed the cost and revenue estimates for each product as follows: Product A Product B Initial investment: Cost of equipment (zero salvage value) $280,000 480,000 Annual revenues and costs $330,000 430,000 Sales revenues $152,000 202,000 Variable expenses 42,000 84,000 Depreciation expense 78,000 60,000 Fixed out-of-pocket operating costs The company's discount rate is 14% Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor using tables Required 1. Calculate the payback period for each product. (Round your answers to 2 decimal places.) Product B Product A Payback period years years