Multiple Choice
A project costs $475 and has cash flows of $100 for the first three years and $75 in each of the project's last five years. What is the payback period of the project?
A) The project never pays back.
B) 4.75 years
C) 5.00 years
D) 5.33 years
E) 6.00 years
Correct Answer:
Verified
Correct Answer:
Verified
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