Question: A project manager is using the payback method to make the final decision on which project to undertake. The company has a 12% required rate

A project manager is using the payback method to make the final decision on which project to undertake. The company has a 12% required rate of return and expectsa 4% rate of inflation for the following four years. What is the non-discounted payback of a project that has cash flows as shown in the table?Year Cash Flow Year 0 -$300,000 Year 1 $70,000 Year 2 $80,000 Year 3 $100,000 Year 4 $140,000

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