Question: 1 Elf Inc. has the following four year project: initial cost is $14,000; annual cash inflows are $3,550, $4,970,$3,480, and $4,000 respectively. Calculate the payback

1 Elf Inc. has the following four year project: initial cost is $14,000; annual cash inflows are $3,550, $4,970,$3,480, and $4,000 respectively. Calculate the payback period. 3.1 years 3.3 years 3.5 years 3.7 years 3.9 years

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