Question: A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The

A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The payback period of the project is ________.

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Part 1

A.

2 years

B.

1.5 years

C.

3.3 years

D.

4 years

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