14 × 0.5 + 0.5 = 7.5 7.5 × 1 + 1 = 8.5 8.5 ×1.5 + 1.5 = 14.25 14.25 × 2 + 2 = 30.5 30.5 × 2.5 + 2.5 = 78.75
Annual Cost Saving ₹4,00,000; Useful life 4 years; Cost of the Project ₹11,42,000. The Payback period would be-
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