Question: Chapter 9 [25 points) Question 1. [5 points) What is the payback period for the following set of cash flows? Year Cash Flow -$ 3,900

 Chapter 9 [25 points) Question 1. [5 points) What is the

Chapter 9 [25 points) Question 1. [5 points) What is the payback period for the following set of cash flows? Year Cash Flow -$ 3,900 1,500 1,200 1,800 1,800 Answer: Justify your answer: Question 2. 15 points] An investment project costs $16,400 and has annual cash flows of $4,200 for six years. What is the discounted payback period if the discount rate is 5 percent? Answer Justify your

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