Multiple Choice
Norton Corporation is considering a 6 year project having an initial investment of $150,000.The project will provide cash inflows of $25,000 for the first 3 years and $60,000 during the last 3 years.Given this information, calculate the project's payback.
A) 3.75 years
B) 4.00 years
C) 4.25 years
D) 4.50 years
Correct Answer:
Verified
Correct Answer:
Verified
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