Question: You are considering three independent projects, Project A, Project B and Project C. Given the following cash flow information, calculate the payback period for each.
You are considering three independent projects, Project A, Project B and Project C. Given the following cash flow information, calculate the payback period for each.
| Year | Project A | Project B | Project C |
| 0 (Investment) | ($ 900) | ($ 9,000) | ( $7,000) |
| 1 | $ 600 | $ 5,000 | $ 2,000 |
| 2 | $ 300 | $ 3,000 | $ 2,000 |
| 3 | $ 200 | $ 3,000 | $ 2,000 |
| 4 | $ 100 | $ 3,000 | $ 2,000 |
| 5 | $ 500 | $ 3,000 | $ 2,000 |
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