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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 $ 2,000 $ 3,100 $ 0
2 2,000 2,200 500
3 2,000 1,200 1,000
4 2,000 700 2,200
5 2,000 400 4,200

Payback for A: years

Payback for B: years

Payback for C: years

Based on the payback periods, -Select-investment Ainvestment Binvestment CItem 4should be chosen.

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