A company is evaluating three possible investments.The following information is provided by the company:
What is the payback period for Project A? (Assume that the company uses the straight-line depreciation method. ) (Round your answer to two decimal places. )
A) 2.85 years
B) 1.50 years
C) 3.85 years
D) 5.00 years
Correct Answer:
Verified
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