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Pitt Company Is Evaluating Two Possible Investments in Depreciable Plant

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Pitt Company is evaluating two possible investments in depreciable plant assets.The company uses the straight-line method of depreciation.The following information is available:
Pitt Company is evaluating two possible investments in depreciable plant assets.The company uses the straight-line method of depreciation.The following information is available:   How long is the payback period for Investment B? A) 3.63 years B) 4.00 years C) 2.40 years D) 10.67 years
How long is the payback period for Investment B?


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