Baxter's Market Is Considering Opening a New Location with an Initial

Multiple Choice

Baxter's Market is considering opening a new location with an initial cost of $139,200.This location is expected to generate cash flows of $22,400,$61,500,$37,800,and $21,000 in Years 1 to 4,respectively.What is the payback period?

A) 3.92 years
B) 3.83 years
C) 2.46 years
D) 2.57 years
E) 3.01 years