Proposals A and B each cost $500,000 and have 5-year lives. Proposal A is expected...
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Accounting
Proposals A and B each cost $500,000 and have 5-year lives. Proposal A is expected to provide equal annual net cash flows of $109,000, while the net cash flows for Proposal B are as follows: Determine the cash payback period for each proposal.
Round your answers to two decimal places, if necessary.
Proposal A: _____years
Proposal B: ____years
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