Payback period was the earlies selection criterian. The is a 'breakevent caiculation in the serse that if a project's cash flows come in at the expected rate, the project wil break even. The ezuation is: The a srojects payback, me better the project is. However, peyback has 3 main disadvontages: (1) Ar dollars receved in diferent yeers are given the payback year. It adafion, there is no specific payback ruie to jusily project acceptance. Bcth methods provide information about and risk, time ine below. Deprocation, salvspe valuas, net operating werking captal requiremerts, and tax effects arn all inclused in these cach flows, Bot projects here 4 -year ilives, and they tave rise characteristen similar to the fim's average proyet. Beringer? Whcc ia 6%. What ia Preject A) payback? De not round intermediate calculations. Round your answer fo four decimai pisces. yors: What is Project A's discounted payback? Bo Hot round intermediate calculations. Mound your anger to four decimat piaces. Whet is Propect ts s paytack? Do not round mtermediete calcadtion . Hound vour answer fo four fremal pitces. vears years