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The following are the cash flows of two projects: Year Project A Project B 0 $290 $290 1 170 190 2 170 190 3 170
The following are the cash flows of two projects: |
Year | Project A | Project B |
0 | $290 | $290 |
1 | 170 | 190 |
2 | 170 | 190 |
3 | 170 | 190 |
4 | 170 |
What is the payback period of each project? (Round your answers to 2 decimal places.) |
Project | Payback Period |
A | years______ |
B | years______ |
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