A project has an initial cost of $1,900. The cash inﬂows are $0, $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) 3.71 years
E) never

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The Answer of A project has an initial cost of $1,900. The cash inﬂows are $0, $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) 3.71 years
E) never

A Project Has an Initial Cost of $1,900