If a project costs $$100,000$ and you will get $25,000$ a year for $10$ years what is the payback period $.$

Use the payback method to obtain the payback period.

a$.$ If a company has a payback policy of recouping their investment in $5$ years can

you accept this project by the payback method alone, explain your answer:

b$.$ If a company has a payback policy of recouping their investment in $3$ years can

you reject this project based on the payback method alone, explain your

answer: