What is the Payback Period in capital budgeting?A) The time it takes to recover the initial investmentB) The time it takes to achieve profitabilityC) The time it takes to double the investmentD) The time it takes to reach maximum revenue

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter11: Capital Budgeting And Risk
Section: Chapter Questions
Problem 4QTD
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What is the Payback Period in capital budgeting?
A) The time it takes to recover the initial investment
B) The time it takes to achieve profitability
C) The time it takes to double the investment
D) The time it takes to reach maximum revenue 

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