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

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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