You have been asked to analyze an investment project. The project's cost is $180,000. Cash inflows are projected to be: year 1 = $55,000, year 2 = $65,000; year 3 = $75,000; year 4 = $85,500; year 5 = $95,000. What is the investment project's payback? (Round off to the nearest 0.1 years)
A) 4.1 years
B) 1.6 years
C) 3.5 years
D) 2.8 years
Correct Answer:
Verified
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