What is the payback period for a $20000 project that is expected to - 4442

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What is the payback period for a $20000 project that is expected to return $6000 per year for the first two years and $3000 per year for years three through five?  

a.3.5 

b.4.5

c.4.66 

d.5 

Solution Description

What is the payback period for a