Calculate the payback period for each project

Year | Project A | Project B | Project C

2018 | ($3,000,000) | ($3,000,000) | ($3,000,000)

2019 | $0 | $975,000 | $985,000

2020 | $600,000 | $975,000 | $925,000

2021 | $900,000 | $975,000 | $1,000,000

2022 | $3,000,000 | $1,000,000 | $950,000

Calculate the payback period for each project Year 2018 2019 2020 2021 2022 Project A ($3,000,000) $0 $600,000 $900,000 $3,000,000 Project B ($3,000,000) $975,000 $975,000 $975,000 $1,000,000 Project C ($3,200,000) $985,000 $925,000 $1,000,000 $950,000