If the project yields monthly savings of $3,500 beginning after 4 months, what is the payback period in months, before money costs and taxes?

Training cost $6,500 and a project required an initial investment of $47,500.

If the project yields monthly savings of $3,500 beginning after 4 months, what is the payback period in months, before money costs and taxes?
A . 9.7
B . 15.4
C . 19.4
D . 23.7

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Answer: C