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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?
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