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If you require

Question

If you require

a 3-year payback before an investment can be accepted, which project(s) would be accepted?

Can you also explain how to get the answer?

Project A
Project B
Project C
Initial Outlay
-$1,000
-$10,000
-$5,000
Inflow year 1
600
5,000
1,000
Inflow year 2
300
3,000
1,000
Inflow year 3
200
3,000
2,000
Inflow year 4
100
3,000
2,000
Inflow year 5
500
3,000
2,000
Finance