Question: 1 You are considering a project with an initial cost of $7,500. What is the payback period for this project if the cash inflows are

1

You are considering a project with an initial cost of $7,500. What is the payback period for this project if the cash inflows are $1,100, $1,640, $3,800, and $2,500 a year over the next four years, respectively?

Group of answer choices

4.38 years

4.36 years

3.38 years

3.56 years

4.29 years

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