Question: ) Compute the payback period for a project with the following cash flows re ceived uniformly within each year: Initial Outlay = $100 Cash Flows:

) Compute the payback period for a project with the following cash flows re ceived uniformly within each year: Initial Outlay = $100

Cash Flows: Year 1 = $40

Year 2 = $50

Year 3 = $60

a. 2.17 years b. 3 years c. 4 years d. 3.17 years

I keep coming up with 4.17

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