A company is considering two projects. 
What is the payback period for Project B?
Definitions:
Excise Tax
A tax directly levied on certain goods, services, and activities such as tobacco, alcohol, and gambling.
Tax Structure
Specifies how a tax depends on the tax base; usually expressed in percentage terms.
Tax Base
The measure or value, such as income or property value, that determines how much tax an individual pays.
Taxation
The process whereby authorities impose financial charges on citizens or corporations to fund government spending and public expenditures.
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