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 Annual revenues and Sales revenues Variable expenses Depreciation expense $260,000 $480,000 salvage value) costs $330,000 $430,000 $152,000 $202,000 52,000 $96,000 Fixed out-of-pocket $ 78,000 $58,000 operating costs The company's discount rate is 14% Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables Required: 1, Calculate the payback period for each product. (Round your answers to 2 decimal places.) Product A Product B Payback period ears ears Calculate the net present value for each product. (Use the appropriate table to determine the discount factor(s).) Product Product Net present value