ayback Project A Project B Project c e betwe Projected cash outflow Net initial investment $ 3,000,000 $ 1,500,000 $ 4,000,000 s in late ate of reProjected cash inflows required Year 1 Year 2 Year 3 Year 4 $ 1,000,000 $ 400,000 S 2,000,000 1,000,000 900,000 2,000,000 1,000,000 800,000 200,000 100,000 1,000,000 m one p projects Required rate of return 10% 10% 10%