Sheridan Crafts Corp. management is evaluating two independent capital projects that will each cost the company $210,000. The two projects will provide the following cash flows:

Year		Project A		Project B
1		$78,750		$42,450
2		99,450		66,125
3		30,235		133,250
4		133,655		90,110

(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 enter a number of years for the Payback of Project A rounded to 2 decimal places years and Project B is enter a number of years for the Payback of Project B rounded to 2 decimal places