MCQs>Finance & Management>Microsoft Project>Payback period is the time it takes to pay back what a project costs. For a project that costs $5,000,000 and delivers increased revenue of $500,000/month, how do you calcuate payback period?
Microsoft Project MCQs
Payback period is the time it takes to pay back what a project costs. For a project that costs $5,000,000 and delivers increased revenue of $500,000/month, how do you calcuate payback period?
Answer
Correct Answer: $5,000,000/$500,000 = 10 months
Explanation:
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