You Are Considering a Project with an Initial Cost of $27,900

question 305

Multiple Choice

You are considering a project with an initial cost of $27,900. What is the payback period for this project if the cash inflows are $14,650, $16,190, $12,480, and $9,500 a year over the next four years, respectively?

• A) 0.82 year
• B) 0.90 year
• C) 1.11 years
• D) 1.82 years
• E) 1.90 years

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