Quantitative Problem: Bellinger Industries is considering two projects for inclusion in its capital budget, and you have been asked to do the analysis. Both projects after-tax cash flows are shown on the time line below. Depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. Both projects have 4-year lives, and they have risk characteristics similar to the firm's average project. Bellinger's WACC is 11% 4 650 250 420 260 410 310 760 Project A 1,100 Project B 1,100 355 What is Project A's payback? Round your answer to four decimal places. Do not round your intermediate calculations 2.1539 years Hide Feedback Partially Correct Check My Work Feedback Review the payback definition The solution for payback is a number not a percentage rate or dollar value The payback calculation is not dependent on the firm's WACC. Don't forget the minus sign for the Year 0 cash flow What is Project A's discounted payback? Round your answer to four decimal places. Do not round your intermediate calculations years