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Proposals A and B each cost $600,000 and have 5-year lives, Proposal A is expected to provide equal annual net cash flows of $159,000,

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Proposals A and B each cost $600,000 and have 5-year lives, Proposal A is expected to provide equal annual net cash flows of $159,000, while the ret cash flows for Proposal B are as follows: Year 1 $150,000 Year 2 140,000 Year 3 110,000 Year 41 150,000 Year 5 50,000 $600,000 Determine the cash payback period for each proposal. Round your answers to two decimal places. Proposal A Proposal B years years

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