Consider the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 $ 356,000 $ 40,000 1 31,000 23,000 2 42,000 15,200 3 50,000 14,100 4 445,000 11,200 The required return on these investments is 13 percent. Required: (a) What is the payback period for each project? (Do not round intermediate calculations. Round your answers to 2 ...