Multiple Choice
A project has an initial cost of $2,250.The cash inflows are $0,$500,$900,and $700 for Years 1 to 4,respectively.What is the payback period?
A) 2.97 years
B) 2.84 years
C) 3.98 years
D) 3.92 years
E) Never
Correct Answer:
Verified
Correct Answer:
Verified
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