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Three investments cost $5,500 each and have the following cash flows. Rank them on the basis of their payback periods. Round your answers to one
Three investments cost $5,500 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 1 2 3 $2,800 2,800 2,800 2,800 $4,100 3,400 2,400 2,100 1,800 0 700 1,300 3,000 5,000 4 5 2,800 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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