Multiple Choice
An investment project requires a net investment of $100,000. The project is expected to generate annual net cash inflows of $28,000 for the next 5 years. The firm's cost of capital is 12%. Determine the payback period for the project.
A) 0.28 years
B) 1.4 years
C) 3.57 years
D) 17.86 years
Correct Answer:
Verified
Correct Answer:
Verified
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