You are considering a project with an initial cost of $4,400.What is the payback period for this project if the cash inflows are $550,$970,$2,800,and $500 a year over the next four years,respectively?
A)2.04 years
B)2.36 years
C)2.89 years
D)3.16 years
E)3.36 years

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The Answer of You are considering a project with an initial cost of $4,400.What is the payback period for this project if the cash inflows are $550,$970,$2,800,and $500 a year over the next four years,respectively?
A)2.04 years
B)2.36 years
C)2.89 years
D)3.16 years
E)3.36 years

You Are Considering a Project with an Initial Cost of $4,400.What