Multiple Choice
You are considering a project with an initial cost of $4,400.What is the payback period for this project if the cash inflows are $550,$970,$2,800,and $500 a year over the next four years,respectively?
A) 2.04 years
B) 2.36 years
C) 2.89 years
D) 3.16 years
E) 3.36 years
Correct Answer:
Verified
Correct Answer:
Verified
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