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consider the following two investment projects: Year 2001 Investment B Investment A end end of year of year cash flows cash flows +$200,000 + $100,000

consider the following two investment projects: Year 2001 Investment B Investment A end end of year of year cash flows cash flows +\$200,000 + $100,000 2002 + 400, 000 + 100, 000 2003 + 400, 000 +100,000 2004 + 400, 000 + 800, 000 2005+600,000 + 1, 000, 000 7 Both projects require an investment of $1,000,000 at the end of 2000. The required rate of return for both projects is 10%. WHAT IS THE PAY BACK PERIOD FOR PROJECT A ? WRITE THA ANSWER AS FOLLOWS EXAMPLE 3Y4M2D

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