Use the Information for the Question(s)below

question 17

Multiple Choice

Use the information for the question(s) below.
The Sisyphean Company is planning on investing in a new project.This will involve the purchase of some new machinery costing $450,000.The Sisyphean Company expects cash inflows from this project as detailed below: The appropriate discount rate for this project is 16%.
-The payback period for this project is closest to:

• A)2.1 years.
• B)3.0 years.
• C)2.0 years.
• D)2.2 years.