Question $7$

$1$ pts

You are evaluating a new project that requires an initial investment required of $$81,208\mathrm{.}94.$ You have estimated the cost of capital as $8\%.$ Expected cash flows over the next four years are given below:

$\backslash$table$[[$Years$,$Cash Flow $($$$)],[1,22,000],[2,57,000],[3,11,400],[4,15,000]]$

What is the PB of the project? Will you accept the project based on the PB method if the threshold is $2\mathrm{.}9$ years?

$2\mathrm{.}3$ years. The project will NOT be accepted.

$2\mathrm{.}1$ years. The project will be accepted.

$2\mathrm{.}0$ years. The project will NOT be accepted.

$2\mathrm{.}4$ years. The project will be accepted.

$2\mathrm{.}2$ years. The project will be accepted.