Sara Turner is considering investing $60,000 in a project with the following cash revenues and expenses:
Assuming straight-line depreciation over five years, what is the payback period for this investment?
A) between 3 and 4 years
B) between 2 and 3 years
C) between 3 and 4 years.
D) between 4 and 5 years
E) between 1 and 2 years
Correct Answer:
Verified
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