Question: Question 14 1 points Save Answer A firm is evaluating a proposal which has an initial investment of $40,000 and has cash flows of $12,000

 Question 14 1 points Save Answer A firm is evaluating a

Question 14 1 points Save Answer A firm is evaluating a proposal which has an initial investment of $40,000 and has cash flows of $12,000 in year 1, $22,000 in year 2, and $10,000 in year 3. The payback period of the project is O A. 1 year O C. Between 1 and 2 years O D. None of the above O B. 2.6 years

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