Use the information below to answer the following question(s) .
Pitt Company is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available:

-How long is the payback period for Investment B?
A) 3.63 years
B) 4.00 years
C) 2.40 years
D) 10.67 years
Correct Answer:
Verified
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