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Question - Sheridan Crafts Corp. management is evaluating two independent capital projects that will each cost the company $290,000. The two projects will provide the following cash flows:
Year
Project A
Project B
1
$82,750
$45,600
2
97,450
78,125
3
36,235
178,900
4
133,655
78,110
Required - What is the payback period of both projects?
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