The answer is 75 years
Explanation:
The total cost in the investment is :
10000+1100+1200+1300= 13600.
Total benefits : 3000+ 4000+ 5000+ 6000= 18,000.
Payback period : .75 year's
What is Payback period?
- The payback period is the length of time it takes to recoup the taken a toll of an venture or the length of time an financial specialist should reach a breakeven point.
- Shorter paybacks cruel more appealing speculations, whereas longer payback periods are less desirable.
- The payback period is calculated by isolating the sum of the venture by the yearly cash flow.
- Account and finance directors utilize the payback period to decide whether to go through with an investment.
- One of the downsides of the payback period is that it neglects the time esteem of cash.
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