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Sheridan Crafts Corp. management is evaluating two independent capital projects that will each cost the...

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Accounting

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

(a1)

What is the payback period of both projects? (Round answers to 2 decimal places, e.g. 15.25.)

The Payback of Project A is enter a number of years for the Payback of Project A rounded to 2 decimal places years and Project B is enter a number of years for the Payback of Project B rounded to 2 decimal places

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