Repeat Prob. 624 for a simple payback period of three years instead of five years.

Question:

Repeat Prob. 6–24 for a simple of three years instead of five years. Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...