Suppose the upfront expenditure changes to $24.3 million.

What is the regular payback period for Project A? Round your percentage to two decimals, i.e. you would enter 12.3456 as 12.35.

Your division is considering two investment projects, each of which requires an upfront expenditure of $25 million. You estimate that the cost of capital is 10% and that the investments will produce the following after-tax cash flows (in millions of dollars)