X-treme Vitamin Company is considering two investments, both of which cost$38,000. The cash flows are as follows:

1$40,000$38,000

210,0009,000

315,00020,000

Calculate the payback period for Project A and Project B.(Round your answers to 2 decimal places.)

B. Calculate the net present value for Project A and Project B. Assume a cost of capital of 8 percent.(Do not round intermediate calculations and round your final answers to 2 decimal places.)

Project A:

Project B: