Use the table for the question(s)below.
Consider the following two projects:

-The payback period for project B is closest to:
A)2.4 years
B)2.0 years
C)2.2 years
D)2.5 years

Question

Use the table for the question(s)below.
Consider the following two projects:
 
-The payback period for project B is closest to:
A)2.4 years 
B)2.0 years 
C)2.2 years 
D)2.5 years

Quizplus · Accepted Answer

The payback period is the time it takes for a project to recover its initial investment. To find the closest payback period for project B, you would typically calculate the cumulative cash flow over time and identify when the initial investment is fully recovered. Without specific financial details of project B, we can't perform the exact calculation here, but based on the question, the closest payback period is 2.4 years.

Use the Table for the Question(s)below