What is the payback period of both projects

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Question - Sheridan Crafts Corp. management is evaluating two independent capital projects that will each cost the company $210,000. The two projects will provide the following cash flows:

Year

Project A

Project B

#1

$78,750

$42,450

#2

99,450

66,125

#3

30,235

133,250

#4

133,655

90,110

Required - What is the payback period of both projects?

Reference no: EM132759533

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