Question: The payback period for a project is often calculated and then a decision about undertaking the project is made after comparing this calculated payback period

The payback period for a project is often calculated and then a decision about undertaking the project is made after comparing this calculated payback period to a target payback period. Select all characteristics that apply to the target payback period.

The target payback period:

a. is a number calculated as a fixed percentage of the life of the project.
b. can be expressed as a range of acceptable periods.
c. is irrelevant if the payback period for the project is less than three years.
d. is usually determined by management.

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