Romanos Construction is analyzing its capital expenditure proposals for the purchase of equipment in the coming year. The capital budget is limited to $$9,000,000$ for the year. Lori Baker, staff analyst at Romanos, is preparing an analysis of the three projects under consideration by Chester Romanos, the company's owner.

$($Click the icon to view the data for the three projects.$)$

$($Click the icon to view the Future Value of $$1$ factors.$)$

'Click the icon to view the Present Value of $$1$ factors.$)$

$($Click the icon to view the Future Value of Annuity of $$1$ factors.$)$

G$.($Click the icon to view the Present Value of Annuity of $$1$ factors.$)$

Read the requirements.

Requirement $1.$ Because the company's cash is limited$,$ Romanos thinks the payback method should be used to choose between the capital budgeting projects

Calculate the payback period for each of the three projects. Ignore income taxes. $($Round your answers to two decimal places.$)$

Project A $q,$ years

Project $Bq,$ years

Project C $q,$ years

Data table

$\backslash$table$[[$Projected cash outflov,Project A$,$Project B$,$Project C$],[$Net initial investment,$$,4,500,000,$$$2,000,000,$$$5,000,000$