If the project yields monthly savings of $1,800 beginning after 3 months, what is the payback period in months (before money costs and taxes)?

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Training cost is $3,000 and a project required an initial investment of $12,000.

If the project yields monthly savings of $1,800 beginning after 3 months, what is the payback period in months (before money costs and taxes)?
A . 4.17
B . 8.33
C . 11.33
D . 28.28

Answer: C