Multiple Choice
You are considering a project with an initial cost of $13,000.What is the payback period for this project if the annual cash inflows are $3,450,$5,970,$2,100,and $1,400 for Years 1 to 4,respectively?
A) 4.06 years
B) 3.97 years
C) 3.89 years
D) Never
E) 3.81 years
Correct Answer:
Verified
Correct Answer:
Verified
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