Question: PROBLEM 4 - 3 points PAYBACK method You have a project with the following estimated (cash outflows) and cash inflows. Year Cash Flows 0

PROBLEM 4 - 3 points PAYBACK method You have a project with

PROBLEM 4 - 3 points PAYBACK method You have a project with the following estimated (cash outflows) and cash inflows. Year Cash Flows 0 ($320,000) 1 $ 75,000 2 $ 75,000 3 $ 75,000 4 456 $ 75,000 $ 75,000 $ 75,000 Required: Compute the payback period. 7

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