Project C requires a $450 initial investment at time zero, and promises $200 at the end of every year for 8 years.
Project D requires a $350 initial investment at time zero, and promises $130 at the end of every year for 9 years.
The traditional payback period for projects C and D respectively are:
A. Project C = 3.9 year ; Project D = 4.2 years
B. Project C = 3.5 year ; Project D = 3.75 years
C. Project C = 1.19 year ; Project D = 5.7 years
D. Project C = 2.25 year ; Project D = 2.69 years