Question: What is the payback for a project that requires a $10,100 initial investment and returns $3,200 the next year and $2,100 per year after that?

What is the payback for a project that requires a $10,100 initial investment and returns $3,200 the next year and $2,100 per year after that?

  • The payback period is 4 years and 3 months.

  • The payback period is 3 years and 3 months.

  • The payback period is 4 years and 5 months.

  • The payback period is 3 years and 5 months.

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