Payback analysis is simply determining the number of years that it takes for a new product, service, and so forth, to accumulate earnings to pay for itself.
There are, of course, a number of variables that affect the payback period of a new product or service. These include taxes, fees, and so on, and should be accounted for when determining the payback period.
The benefit of payback analysis is determining which new variety of product or service offers the greatest return to offset investment and implementation costs. It also facilitates deciding whether to proceed.
for Determining Payback Analysis
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