Multiple Choice
You are considering a project with an initial cost of $4,600.What is the payback period for this project if the cash inflows are $450,$970,$2,800,and $500 a year for Years 1 to 4,respectively?
A) 1.03 years
B) 2.36 years
C) 2.89 years
D) 3.76 years
E) 3.81 years
Correct Answer:
Verified
Correct Answer:
Verified
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