A Project Has the Following Cash Flows A)238 Years
B)2

Multiple Choice

A project has the following cash flows.What is the payback period? $$\begin{array} { | c | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 0 & - \$ 28,000 \\\hline 1 & 11,600 \\\hline 2 & 11,600 \\\hline 3 & 6,600 \\\hline 4 & 6,600 \\\hline\end{array}$$

A) 2.38 years
B) 2.49 years
C) 2.74 years
D) 3.01 years
E) 3.33 years