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 $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?

Reference no: EM133172124

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