Question: A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $18,000 per year for five years. The

 A firm is evaluating a proposal which has an initial investment

A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $18,000 per year for five years. The payback period of the project is A) 1.7 years B) 2.7 years C) 3.3 years D) 4 years

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