A project has an initial cost of $72,500. The cash inflows are $11,500, $36,900, $22,900, and $18,200 over the next four years, respectively. What is the payback period?
A) 2.67 years
B) 2.98 years
C) 3.01 years
D) 3.07 years
E) 3.13 years

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The Answer of A project has an initial cost of $72,500. The cash inflows are $11,500, $36,900, $22,900, and $18,200 over the next four years, respectively. What is the payback period?
A) 2.67 years
B) 2.98 years
C) 3.01 years
D) 3.07 years
E) 3.13 years

A Project Has an Initial Cost of $72,500