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	$	1,900	$	2,900	$	0
2		1,900		2,200		900
3		1,900		1,200		1,300
4		1,900		900		4,200
5		1,900		600		7,200

Payback for A: ____ years

Payback for B: ____ years

Payback for C: ____ years