Norton Corporation Is Considering a 6 Year Project Having an Initial

question 87

Multiple Choice

Norton Corporation is considering a 6 year project having an initial investment of $150,000.The project will provide cash inflows of $25,000 for the first 3 years and $60,000 during the last 3 years.Given this information, calculate the project's payback.

• A)3.75 years
• B)4.00 years
• C)4.25 years
• D)4.50 years