Multiple Choice
A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of$15,000 per year for five years. The payback period of the project is
A) 1.5 years.
B) 2 years.
C) 4 years.
D) 3.3 years.
Correct Answer:

Verified
Correct Answer:
Verified
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