Computation of payback period

Reference no: EM1313797

Computation of Payback period

What is the payback period for a $20,000 project expected to return $6,000 for the first two years and $3,000 for Years 3 through 5?

A) 3 1/2

B) 4 1/2

C) 4 2/3

D) 5

Reference no: EM1313797

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