QS 24-3 (Algo) Analyzing payback periods LO P1 Howard Company is considering two alternative investments. The payback period is 4.5 years for investment A and 4 years for Investment B. a. If management uses payback period, which investment is preferred? O Investment B O Investment A b. Will an investment with a shorter payback period always be chosen over an investment with a longer payback period? Yes O No