Question: please can you answer the Question text with explanation for chosen the number ? XXX Company has $23,500,000 to invest and wishes to evaluate the

please can you answer the Question text with explanation for chosen the number ?

XXX Company has $23,500,000 to invest and wishes to evaluate the following three projects

Years

X ($)

Y ($)

Z ($)

0

(9,000,000)

(10,000,000)

(3,500,000)

1

4,500,000

5,500,000

3,500,000

2

4,500,000

5,500,000

3

4,500,000

4,500,000

6,000,000

4

4,500,000

4,500,000

cost of capital

12%

12%

12%

The pay pack period for project Z is --------- YEARS

Select one:

A. 1

B. 2

C. 3

D. 4

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