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The following are the cash flows of two projects: Year Project A Project B 0 $ 220 $ 220 1 100 120 2 100 120

The following are the cash flows of two projects:

Year Project A Project B
0 $ 220 $ 220
1 100 120
2 100 120
3 100 120
4 100

What is the payback period of each project? (Round your answers to 1 decimal place.)

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