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The following are the cash flows of two projects: Year Project A Project B 0 $ 320 $ 320 1 150 220 2 150 220
The following are the cash flows of two projects:
Year | Project A | Project B | ||||
0 | $ | 320 | $ | 320 | ||
1 | 150 | 220 | ||||
2 | 150 | 220 | ||||
3 | 150 | 220 | ||||
4 | 150 | |||||
What is the payback period of each project? (Round your answers to 1 decimal place.)
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