What is the payback period of each, Financial Management

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What is the payback period of each

The following are the cash flows of two projects:

Year Project A Project B

0 −$390 −$390

1 220 290

2 220 290

3 220 290

4 220

What is the payback period of each project? (Round your answers to 2 decimal places.)

Project Payback Period

A ____ years

B ____ years

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