You were approached with the task of assessing three supposedly value-enhancing investment opportunities your company is considering. The cash flows for each are listed below. Assume that all three projects are equally risky and have a discount rate of 6.00% per year. Time 0 1 234 Infinity Project A -$250 $50 $50 $50 $50 $50 Project B -$1,200 $300 $500 $600 $1,000 Project C -$1,800 $750 $350 $750 $450 Calculate the payback period for project "B". Note: Report your answer in years rounded to two decimal places. If it is impossible to compute the answer, report 0.00 as your response.

You were approached with the task of assessing three supposedly value-enhancing investment opportunities your company is considering. The cash flows for each are listed below. Assume that all three projects are equally risky and have a discount rate of 6.00% per year. Calculate the payback period for project "B". Note: Report your answer in years rounded to two decimal places. If it is impossible to compute the answer, report 0.00 as your response