You are considering a project with an initial cost of $4,300.What is the payback period for this project if the cash inflows are $550,$970,$2,600,and $500 a year over the next four years?
A)2.04 years
B)2.36 years
C)2.89 years
D)3.04 years
E)3.36 years

Question

You are considering a project with an initial cost of $4,300.What is the payback period for this project if the cash inflows are $550,$970,$2,600,and $500 a year over the next four years?
A)2.04 years 
B)2.36 years 
C)2.89 years 
D)3.04 years 
E)3.36 years

Quizplus · Accepted Answer

The Answer of You are considering a project with an initial cost of $4,300.What is the payback period for this project if the cash inflows are $550,$970,$2,600,and $500 a year over the next four years?
A)2.04 years 
B)2.36 years 
C)2.89 years 
D)3.04 years 
E)3.36 years

You Are Considering a Project with an Initial Cost of $4,300.What