The Payback Period for a given capital budgeting project is a measure of which of the following?

Select one:

a.

The rate of return on capital invested in the project

b.

The total amount of new wealth created by the project

c.

The basic measure if the productivity of invested capital

d.

The certainty level that the outstanding loan balances will be repaid prior to the contractual maturity of the loan.

e.

The amount of time necessary to recapture the initial investment in the project