You Are Considering a Project with an Initial Cost of $4,400.What

question 61

Multiple Choice

You are considering a project with an initial cost of $4,400.What is the payback period for this project if the cash inflows are $550,$970,$2,800,and $500 a year over the next four years,respectively?

• A)2.04 years
• B)2.36 years
• C)2.89 years
• D)3.16 years
• E)3.36 years