Question: When evaluating the following project, what is its payback period? Year Project A 0 ($13,500) 1 2000 2 4000 3 5500 4 6000 A. 3.15

When evaluating the following project, what is its payback period?

Year Project A
0 ($13,500)
1 2000
2 4000
3 5500
4 6000

A. 3.15 years

B. 3.33 years

C. 2.85 years

D. 3.65 years

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