Question: 9. James Construction Co. is considering a new inventory system that will cost $950,000. The system is expected to generate positive cash ows over the

9. James Construction Co. is considering a new inventory system that

9. James Construction Co. is considering a new inventory system that will cost $950,000. The system is expected to generate positive cash ows over the next four years in the amounts of $350,000 in year one, $350,000 in year two, $150,000 in year three, and $180,000 in year four. The required rate of return is 8%. What is the payback period of this project? A) 4.00 years

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