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Three investments cost $5,000 each and have the following cash flows. Rank them on the basis of their payback periods. Round your answers to one

Three investments cost $5,000 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 $ 1,800 $ 2,800 $ 0
2 1,800 2,100 1,000
3 1,800 1,400 1,700
4 1,800 1,100 3,000
5 1,800 500 5,500

Payback for A: years ?

Payback for B: years ?

Payback for C: years ?

Based on the payback periods, -Select-investment (A,B,C)should be chosen.

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