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Here is the cash flow of project A. Assume the discount rate is 15%. Year0 (initial cost): -15000 Year1: 5000 Year2: 6000 Year3: 7000 Year4:

Here is the cash flow of project A. Assume the discount rate is 15%.

Year0 (initial cost): -15000

Year1: 5000

Year2: 6000

Year3: 7000

Year4: 7000

Calculate the payback period.

a.		3
b.		2
c.		2.57
d.		3.57

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