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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