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Year Project 1 Project 2 1 4,000 10,000 2 8,000 10,000 3 15,000 10,000 4 12,000 10,000 Initial Investment 30,000 30,000 Which project can be

Year Project 1 Project 2

1 4,000 10,000

2 8,000 10,000

3 15,000 10,000

4 12,000 10,000

Initial Investment 30,000 30,000

Which project can be selected based on Payback period?

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