Question: Plese Show Work Winston Clinic is evaluating a project that costs $52,125 and has expected net cash inflows of $12,000 per year for eight years.

Plese Show Work

Winston Clinic is evaluating a project that costs $52,125 and has expected net cash inflows of $12,000 per year for eight years. The first inflow occurs one year after the cost outflow, and the project has a cost of capital of 12%. What year does the project have payback?

A. Year 3

B. Year 5

C.Year 8

D. Cannot tell with this information

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