A Project Has the Following Cash Flows The Project's Payback Period Is:
A) Four Years

question 106

Multiple Choice

A project has the following cash flows: $\begin{array}{llllll}\text { Year } & 0 & 1 &2& 3 & 4 \\\text { Cash flow } & (\$ 240,000) & \$ 60,000 & \$ 100,000 & \$ 60,000 & \$ 80,000\end{array}$ The project's payback period is:

• A) four years.
• B) three and one-half years.
• C) three and one-quarter years.
• D) None of the above

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