Sandhill Crafts Corp. management is evaluating two independent capital projects that will each cost the company $270,000. The two projects will provide the following cash flows:

Year		Project A		Project B
1		$66,750		$33,900
2		81,450		82,125
3		20,235		161,250
4		131,655		94,110

(a1)

What is the payback period of both projects? (Round answers to 2 decimal places, e.g. 15.25.)

The Payback of Project A is

years and Project B is

years.

Click if you would like to Show Work for this question:

Open Show Work