Multiple Choice
A project has an initial cost of $7,900 and cash inflows of $2,100, $3,140, $3,800, and $4,500 a year over the next four years, respectively. What is the payback period?
A) 2.70 years
B) 3.28 years
C) 3.36 years
D) 3.70 years
E) 2.28 years
Correct Answer:
Verified
Correct Answer:
Verified
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