Project A	Project B	Project C
Investment	$ 222 comma 000$222,000	$ 50 comma 000$50,000	$ 222 comma 000$222,000
Residual value	0	22 comma 00022,000	26 comma 00026,000
Net cash? flows:
Year 1	56 comma 00056,000	36 comma 00036,000	100 comma 000100,000
Year 2	56 comma 00056,000	27 comma 00027,000	70 comma 00070,000
Year 3	56 comma 00056,000	23 comma 00023,000	80 comma 00080,000
Year 4	56 comma 00056,000	20 comma 00020,000	40 comma 00040,000
Year 5	56 comma 00056,000	0	0

What is the payback period for Project? A? (Assume that the company uses the

straightminus?line

depreciation? method.) (Round your answer to two decimal? places.)

A.

5.00 years

B.

3.963.96

years

C.

2.962.96

years

D.

1.391.39

years