Multiple Choice
The Golden Goose is considering a project with an initial cost of $46,700.The project will produce cash inflows of $10,000 a year for the first two years and $12,000 a year for the following three years.What is the payback period?
A) 2.87 years
B) 3.23 years
C) 3.41 years
D) 3.79 years
E) 4.23 years
Correct Answer:
Verified
Correct Answer:
Verified
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