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The total investment required for two projects are estimated at OMR 110,000 each. The profits expected from the two projects for the first four years

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The total investment required for two projects are estimated at OMR 110,000 each. The profits expected from the two projects for the first four years are given in the table below. Year Project R Projects Year 1 35,000 25,000 Year 2 43,000 36,000 Year 3 15,000 32,000 Year 4 17,000 45,000 You are required to answer the following questions based on payback period method. What is the payback period for project R? What is the payback period for project S? Which of the following is the correct decision

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