You are considering a project with an initial cost of $7,800. What is the payback period for this project if the cash inflows are $1,100, $1,640, $3,800, and $4,500 a year over the next four years, respectively?
A)3.21 years
B)3.28 years
C)3.36 years
D)4.21 years
E)4.29 years

Question

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The Answer of You are considering a project with an initial cost of $7,800. What is the payback period for this project if the cash inflows are $1,100, $1,640, $3,800, and $4,500 a year over the next four years, respectively?
A)3.21 years
B)3.28 years
C)3.36 years
D)4.21 years
E)4.29 years

You Are Considering a Project with an Initial Cost of $7,800