A project with a payback period of four years is acceptable as long as the company's target payback period is greater than or equal to four years.

Question

Quizplus · Accepted Answer

A project's payback period is deemed acceptable if it is less than or equal to the company's target payback period. Therefore, if the project's payback period is four years and the company's target payback period is four years or greater, the project is considered acceptable.

A Project with a Payback Period of Four Years Is