Question: A firm is evaluating a proposal which has an initiat investment of $50,000 and has cash flows of $15,000 per year for 5 years. The

 A firm is evaluating a proposal which has an initiat investment

A firm is evaluating a proposal which has an initiat investment of $50,000 and has cash flows of $15,000 per year for 5 years. The payback period of the project is OA 1.5 years OB. 5 years OC 3.3 years D. 2 years

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