Training cost $6,500 and a project required an initial investment of $47,500. If the project yields monthly savings of $3,500 beginning after 4 months, what is the payback period in months, before…

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Question

Training cost $6,500 and a project required an initial investment of $47,500. If the project yields monthly savings of $3,500 beginning after 4 months, what is the payback period in months, before money costs and taxes?

Options

A9.7
B15.4
C19.4
D23.7

How the community answered

(32 responses)

A
13% (4)
B
3% (1)
C
78% (25)
D
6% (2)

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Topics

#payback period#financial analysis#project cost#ROI

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