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The following are the cash flows of two projects: Year Project A Project B 0 $ (240) $ (240) 1 120 140 2 120

The following are the cash flows of two projects: Year Project A Project B 0 $ (240) $ (240) 1 120 140 2 120 140 3 120 140 4 120 What is the payback period of each project? Note: Round your answers to 1 decimal place. Project A Payback Period years B years

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