Proposals A and B each cost $600,000 and have 5-year lives. Proposal A is expected to provide equal annual net cash flows of $159,000, while the net cash flows for Proposal B are as follows: 
Determine the cash payback period for each proposal. Round answers to two decimal places.
Definitions:
Life Satisfaction
A measure of well-being and contentment with one’s life, reflecting how individuals evaluate their life as a whole rather than their current feelings.
Adolescence
The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.
Independent
Having autonomy or not influenced or controlled by others in matters of opinion, conduct, decision-making, etc.
Growth Spurt
A Growth Spurt is a rapid period of growth in height and weight, often occurring during puberty.
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