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Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year Cash

Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available.

Year Cash Flow A Cash Flow B

0 -$ 56,000 -$ 101,000

1 22,500 24,500

2 29,600 29,500

3 24,500 29,500

4 10,500 239,000

What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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