Multiple Choice
A project has an initial cost of $6,900. The cash inflows are $850, $2,400, $3,100, and $4,100 over the next four years, respectively. What is the payback period?
A) 3.73 years
B) 2.51 years
C) 3.13 years
D) 3.51 years
E) 3.94 years
Correct Answer:
Verified
Correct Answer:
Verified
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