Maxwell Software, Inc., has the following mutually exclusive projects. Year Project A Project B 0 –$27,000 –$30,000 1 15,500 16,500 2 12,000 10,500 3 3,600 12,000 a-1. Calculate the payback period for each project. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) I need the answer in years not in months
Payback period:
Project A ________ years
Project B ________years