Question: 11. You are considering three independent projects, Project A, Project B and Project C. Given the following cash flow information, calculate the payback period for
11. You are considering three independent projects, Project A, Project B and Project C. Given the following cash flow information, calculate the payback period for each.
| Year | Project A | Project B | Project C |
| 0 (Investment) | ($900) | ($9,000) | ($7,000) |
| 1 | $ 600 | $5,000 | $2,000 |
| 2 | $ 300 | $3,000 | $2,000 |
| 3 | $ 200 | $3,000 | $2,000 |
| 4 | $100 | $3,000 | $2,000 |
| 5 | $500 | $3,000 | $2,000 |
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