Wasson Corporation is considering an investment project costing $520 000. The project is estimated to have an eight- year life, generate annual cash flows of $120 000 and have a salvage value of $40 000 after eight years. What is the project's payback period?
A) 2.8 years
B) 6.5 years
C) 4.3 years
D) 4 years
Correct Answer:
Verified
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