Multiple Choice
A project has an initial cost of $2,300.The cash inflows are $300,$500,$900,and $700 over the next four years,respectively.What is the payback period?
A) 2.71 years
B) 2.98 years
C) 3.11 years
D) 3.86 years
E) Never
Correct Answer:
Verified
Correct Answer:
Verified
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