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Sunland Crafts Corp, management is evaluating two independent capital projects that will each cost the company $300,000. The two projects will provide the following cash

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Sunland Crafts Corp, management is evaluating two independent capital projects that will each cost the company $300,000. The two projects will provide the following cash flows: Year Project A Project B 1 $88.750 $66,500 2 2 87,450 99,000 3 48.235 155.250 4 125,655 106,110 (a1) What is the payback period of both projects? (Round answers to 2 decimal places, s. 15.25) The Payback of Project Ais years and Project Bis years

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