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 25% 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) $340,000 $525,000 Annual revenues and costs: $380,000 $480,000 Sales revenues Variable expenses $172,000 222,000 Depreciation expense 47,000 89,000 Fixed out-of-pocket operating costs 83,000 66,000 The company's discount rate is 17% 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 A Product B Payback period years years