Multiple Choice
A capital budgeting project has a net investment of $550,000 and is expected to generate net cash flows of $200,000 annually for 7 years. What is the payback period?
A) 5.5 years
B) 2.25 years
C) 2.55 years
D) 2.75 years
Correct Answer:
Verified
Correct Answer:
Verified
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