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You are considering three independent projects, Project A, Project B and Project C. Given the following cash flow information, calculate the payback period for each.

You are considering three independent projects, Project A, Project B and Project C. Given the following cash flow information, calculate the payback period for each.

Year

Project A

Project B

Project C

0 (Investment)

($900)

($9,500)

($5,500)

1

$ 500

$5,000

$1,000

2

$ 200

$3,000

$1,000

3

$ 100

$3,000

$4,000

4

$300

$3,000

$4,000

5

$600

$3,000

$4,000

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