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

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The payback period for the project is 8... View the full answer