Question: A company is considering two projects. Project II Initial investment Cash inflow Year 1 Cash inflow Year 2 Cash inflow Year 3 Cash inflow Year

 A company is considering two projects. Project II Initial investment Cash

A company is considering two projects. Project II Initial investment Cash inflow Year 1 Cash inflow Year 2 Cash inflow Year 3 Cash inflow Year 4 Project I $200,000 50,000 50,000 50,000 50,000 50,000 $200,000 60,000 60,000 40,000 50,000 50,000 Cash inflow Year 5 What is the payback period for Project II? O 3 years O4 year O 3.8 years O 5 years

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