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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