Figure 14-4

Figure 14-4.Sony Lavery is considering investing $45,000 in a project with the following cash revenues and expenses:

-Refer to Figure 14-4. Assuming straight-line depreciation over 8 years, what is the payback period for the project?

A) between 4 and 5 years
B) between 2 and 3 years
C) between 5 and 6 years
D) between 7 and 8 years
E) between 6 and 7 years