Economics

Consider the investment projects in the table below, all of which have a four-year investment life. Assume that the cash flows occur continuously throughout the year. Project's Cash Flow ($) - $2,500 - $3,500 1,600 2,800 3,500 2,200 - $2,800 - 1,800 -900 4,500 4,500 - $2,300 - 1,000 1,900 2,300 1,500 N 6.200 (a) What is the payback period of each project? (Round to one decimal place.) Project Payback Period years years years years