A project has an initial cost of $2,300.The cash inflows are $300,$500,$900,and $700 over the next four years,respectively.What is the payback period?
A)2.71 years
B)2.98 years
C)3.11 years
D)3.86 years
E)Never

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The Answer of A project has an initial cost of $2,300.The cash inflows are $300,$500,$900,and $700 over the next four years,respectively.What is the payback period?
A)2.71 years
B)2.98 years
C)3.11 years
D)3.86 years
E)Never

A Project Has an Initial Cost of $2,300