Year Cash Flow 0 –$ 8,300
1 2,100
2 3,000
3 2,300
4 1,700
What is the payback period for the set of cash flows given above? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.

Bronco, Inc., imposes a payback cutoff of three years for its international investment projects.

Year Cash Flow (A) Cash Flow (B)
0 –$ 35,000 –$ 45,000
1 12,000 11,000
2 17,000 13,000
3 14,000 16,000
4 9,000 255,000
What is the payback period for both projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)