Xtreme

X-treme Vitamin Company is considering two investments, both of which cost $50,000. The cash flows are as follows: Year Project A Project B 1$54,000 $50,000 2 30,000 29,000 30,000 3 20,000 Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods a-1. Calculate the payback period for Project A and Project B. (Round your answers to 2 decimal places.) Payback Period year(s) year(s)