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) | ($9,500) | ($5,500) |
| 1 | $ 500 | $5,000 | $1,000 |
| 2 | $ 200 | $3,000 | $1,000 |
| 3 | $ 100 | $3,000 | $4,000 |
| 4 | $300 | $3,000 | $4,000 |
| 5 | $600 | $3,000 | $4,000 |
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