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Three investments cost $4,000 each and have the following cash flows. Rank them on the basis of their payback periods. Round your answers to one

Three investments cost $4,000 each and have the following cash flows. Rank them on the basis of their payback periods. Round your answers to one decimal place.

Year A. B. C

1 1900. 3000. 0

2. 1900. 2000. 600

3. 1900. 1400. 800

4. 1900. 900. 2600

5. 1900. 600. 5600

Payback for A: years

Payback for B: years

Payback for C: years

Based on the payback periods, -Select- should be chosen.

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