What Is the Payback Period for a $16,700 Investment with the Following

question 35

Multiple Choice

What is the payback period for a $16,700 investment with the following cash flows? $$\begin{array} { | c | r | } \hline \text { Year } & \text { Cash Flow } \\\hline 1 & \$ 2,100 \\\hline 2 & 6,800 \\\hline 3 & 6,900 \\\hline 4 & 7,300 \\\hline 5 & 5,100 \\\hline\end{array}$$

• A)3.12 years
• B)3.89 years
• C)2.12 years
• D)3.44 years
• E)3.67 years

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