18) Refer to the Capital Budgeting Narrative. What is the Payback Period of the project?
Capital Budgeting Narrative
(Use the following information for questions referring to the narrative.: Gevrek Communications is considering a new project. The initial investment required is $85,103.35 and the cost of capital is 10%. Expected cash flows over the next four years are given below:

Years	Cash Flow ($)
1	14,000
2	35,000
3	42,000
4	40,000

3.2 years

3.4 years

2.9 years

2.3 years

2.5 years

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Payb... View the full answer