Problem 19-05

Three investments cost $5,000 each and have the following cash flows. Rank them on the basis of their payback periods. Round your answers to one decimal place.

Year		A		B		C
1	$	1,700	$	2,900	$	0
2		1,700		2,100		1,000
3		1,700		1,500		1,800
4		1,700		900		4,300
5		1,700		400		7,300

Payback for A: years

Payback for B: years

Payback for C: years

Based on the payback periods, -Select-investment Ainvestment Binvestment CItem 4 should be chosen.