West Berwick is considering two projects for a new investment, but it can afford only one. It has determined that the appropriate discount rate is 7.39%. Please answer the following questions based on the data below:

	Net Cash Flow
Year	Project A	Project B
0	-$4,000,000	-$5,000,000
1	$800,000	$1,900,000
2	$1,000,000	$1,700,000
3	$1,200,000	$1,400,000
4	$1,400,000	$900,000
5	$1,600,000	$300,000
Calculate the payback period for each project.