Question: What is the payback period for a project that has an initial investment of $117,000 and $10,000 net cash inflow in the first year, with

What is the payback period for a project that has an initial investment of $117,000 and $10,000 net cash inflow in the first year, with a $1,000 increase in net cash inflows each year thereafter for a total of 12 years?

Group of answer choices

7.6 years

12.0 years

8.5 years

11.7 years

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