The Initial Outlay or Cost Is $1,000,000 for a Four-Year

question 51

Multiple Choice

The initial outlay or cost is $1,000,000 for a four-year project.The respective future cash inflows for years 1,2,3 and 4 are: $500,000,$300,000,$300,000 and $300,000.What is the payback period without discounting cash flows?

• A)About 2.50 years
• B)About 2.67 years
• C)About 3.67 years
• D)About 4.50 years

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