Question: Question 1 (4 points) Fernando Designs is evaluating a restructuring project that requires initial investment of $80,000 but has cash flow of $30,000 for 4

 Question 1 (4 points) Fernando Designs is evaluating a restructuring project

Question 1 (4 points) Fernando Designs is evaluating a restructuring project that requires initial investment of $80,000 but has cash flow of $30,000 for 4 consecutive years. If the firm's wacc is 7%, what is the project's payback period? 3 years 2.67 years 1.67 years 3.67 years

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