Question: option e. 3.81 Ive done the calculation over and keep getting this answer. But, connect says it is wrong. You are considering a project with

option e. 3.81

Ive done the calculation over and keep getting this answer. But, connect says it is wrong.

You are considering a project with an initial cost of $13,000. What is the payback period for this project if the annual cash inflows are $3,450, $5,970, $2,100, and $1,400 for Years 1 to 4, respectively? Multiple Choice x 4.06 years 3.97 years 3.89 years Never

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