Multiple Choice
You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows are $550, $970, $2,600, and $500 a year over the next four years, respectively?
A) 2.04 years
B) 2.36 years
C) 2.89 years
D) 3.04 years
E) 3.36 years
Correct Answer:
Verified
Correct Answer:
Verified
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