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

Proposals A and B each cost $600,000 and have five-year lives. Proposal A is expected to provide equal annual net cash flows of $159,000, while the net cash flows for Proposal B are as follows: Year 1 $150,000 Year 2 140,000 Year 3 110,000 Year 4 150,000 Year 5 50,000 $600,000 Determine the cash payback period for each proposal. Round your answers to two decimal places, if necessary. Proposal A: fill in the blank 1 years Proposal B: fill in the blank 2 years

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