Figure 13-1 A Project Requires an Investment of £90,000 in Equipment. Annual

Figure 13-1
A project requires an investment of £90,000 in equipment. Annual cash inflows of £15,000 are expected to occur for the next ten years. No salvage value is expected.
-Refer to Figure 13-1. If the annual cash inflows occur throughout the year, payback for the project would be

A) 4.5 years.
B) 4.8 years.
C) 5 years.
D) 6 years.