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Project Alpha is expected to cost $5,000 and will bring in revenue of $1,000 per year. Project Beta is expected to cost $8,000 and will
- Project Alpha is expected to cost $5,000 and will bring in revenue of $1,000 per year. Project Beta is expected to cost $8,000 and will bring in revenue of $2,000 per year.
- What is the payback period for Project Alpha? (2 points)
- What is the payback period for Project Beta? (2 points)
- Which project should you choose all else being equal and why? (3 points)
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