Question: Question 1 Part E: You want to develop a new product and you want to make your money back as quickly as possible. There are

 Question 1 Part E: You want to develop a new product

Question 1 Part E: You want to develop a new product and you want to make your money back as quickly as possible. There are four potential products that you can invest in Project 1 Project 2 Project 3 Project 4 Initial Cost $60.000 $70,000 $77,500 $85,000 Annual Revenues $10,500 $16,000 $8,500 $15.000 Length of Ownership 4 9 10 Question 1 Part E: Provide the conventional payback period for Project 4. Enter your answer in the form: 1.23

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