Do you understand what it means to have a project with a 3.5 years as payback period

Do you understand what it means to have a project with a 3.5 years as payback period? Explain. If you were investing in this project, would you prefer a lower payback period (let’s say 2.5 years for example) or a higher payback period (let’s say 4.5 years for example)? Explain.

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