Calculate the payback period
Question: Calculate the payback period for a $20,000 project expected to return $6,000 for the 1st two years and $3,000 for Years 3 through 5?
[A] 4 2/3
[B] 5
[C] 3 1/2
[D] 4 1/2
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Calculate the payback period for a $20,000 project expected to return $6,000 for the 1st two years and $3,000 for Years 3 through 5?
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