The payback period is used by project managers and business owners to decide which investments to undertake. Your project starts to turn a profit once the payback period is finished and the initial capital investment has been recouped.
The payback period, for instance, is 10 years if it takes you that long to recoup your investment's costs. The return on investment can be easily calculated using the payback time.
Therefore, The sooner you get to this point, the sooner you can start reaping the financial rewards of the project.
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