In which year is the investment recouped

Reference no: EM13279102

Project X has a cost of $230,000 and provides the following annual earnings: year 1 $35,000; year 2 $140,000; year 3 $175,000; and year 4 $50,000. Under the payback method, in which year is the investment recouped?

Reference no: EM13279102

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