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The following are the cash flows of two projects: Year Project A Project B 0 $ (400 ) $ (400 ) 1 230 300 2

The following are the cash flows of two projects:

Year Project A Project B

0 $ (400 ) $ (400 )

1 230 300

2 230 300

3 230 300

4 230

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

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