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 22% 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) $380,000 Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket operating costs 575,000 $410,000 490,000 $186,000$218,000 $ 76,000115,000 $ 89,000 69,000 The company's discount rate is 20%. Use Excel or a financial calculator to solve any time value of money problems Required 1. Calculate the payback period for each product. (Round your answers to 2 decimal places.) Product A Product EB Payback period years years