Candy Cups is considering whether to purchase a machine that manufactures cups with names printed on them, or, a bow tying machine. The cup machine will cost $6,000 and, over its 5 year life, will provide net cash inflows of $1,832 per year. The bow tier costs $3,000 and will save $792 net cash outflow per year for 5 years.

What is the Payback Period for the cup machine?

a.3.27 years.

b.3 years.

c.4 years

d.4.25 years.

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