Question: A project your company is contemplating is expected to generate the following cash flows over the next 4 years. From the table below, Determine the
A project your company is contemplating is expected to generate the following cash flows over the next 4 years. From the table below, Determine the payback period.
Year and Cash Flows ($)
Year 0= -200,000
YEAR 1 = 50,000
YEAR 2= 120,000
Year 3 = 60,000
YEAR 4 = 100,000
Group of answer choices
1.5 years
2 years
2.5 years
3 years
None of the above
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