Question: 3 Question 13 (1 point) A project requires an initial outlay of $100,000, and is expected to generate annual net cash inflows of $28,000 for

 3 Question 13 (1 point) A project requires an initial outlay

3 Question 13 (1 point) A project requires an initial outlay of $100,000, and is expected to generate annual net cash inflows of $28,000 for the next 5 years. Determine the payback period for the project. 6 0.28 years 9 1.4 years 3.57 years 12 17.86 years 15

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