The payback period of a $1,500 investment given the projected cash flows (profits) as follows: Year 1 = $550; Year 2 = $500; Year 3 = $450; and, Year 4 = $650 is years.

The payback period of a $1,500 imvestment given the projected cash flows (profits) as follows: Year 1 - $550; Year 2=$500; Year 3 = s450, and, Year 4=$650 is years