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Problem 19-05 Three investments cost $5,500 each and have the following cash flows. Rank them on the basis of their payback periods. Round your answers
Problem 19-05 Three investments cost $5,500 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 1 2 3 $2,900 2,900 2,900 2,900 2,900 B $3,900 3,000 2,500 2,200 1,600 $ 0 800 1,600 3,200 4,700 4 5 Payback for A: years Payback for B: years Payback for C: years Based on the payback periods, -Select- should be chosen
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