You are considering a project with an initial cost of $13,000.What is the payback period for this project if the annual cash inflows are $3,450,$5,970,$2,100,and $1,400 for Years 1 to 4,respectively?
A)4.06 years
B)3.97 years
C)3.89 years
D)Never
E)3.81 years

Question

Quizplus · Accepted Answer

Payback period = Never.The total cash inflows are less than the initial cost.

You Are Considering a Project with an Initial Cost of $13,000.What