Multiple Choice
You are considering a project with an initial cost of $6,400. What is the payback period for this project if the cash inflows are $900, $1,350, $2,800, and $1,500 a year over the next four years, respectively?
A) 3.21 years
B) 3.48 years
C) 3.90 years
D) 4.21 years
E) 4.90 years
Correct Answer:
Verified
Correct Answer:
Verified
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