Quickly, just to give you an idea that what is a payback period payback is the ratio of total cash to the average per period cash, it's the time necessary to recover the costs invested in the product. It does not cater the present value or the time value of money. It only says I have invested hundred dollars if you are giving me a yearly return of 5015 7525 35 At what point I will able to get my hundred dollar bill back. That is a pure concept onto it. So the questions would be like you have to project a payback period of three years, another six year which project is better? Stuff like that is to just you need to start that Yes.

Your payback period is 15 years. Are you even okay for it? The project in terms of absolute value will take 15 years to return and think in terms of net present value what it will take. So, these are these checkpoint these are the filters, which will help you identify which project you need to invest in. Thank you for this. Let us see what is internal rate of return one of the important value one of the important terminology that we as a project manager understand