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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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