What is the traditional payback period (pb) of a project that cost 450.000 if it is expected

Question:

What is the traditional payback period (pb) of a project that cost 450.000 if it is expected to generate 120.000 per year for five years?

Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...