Question

A project has an initial cost of $7,900 and cash inflows of $2,100, $3,140, $3,800, and $4,500 a year over the next four years, respectively. What is the payback period?

A) 2.70 years

B) 3.28 years

C) 3.36 years

D) 3.70 years

E) 2.28 years

Answer

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