Question: Speith Inc. is considering a project which has an up-front cost paid today at t = 0. The project will generate positive cash flows of

Speith Inc. is considering a project which has an up-front cost paid today at t = 0. The project will generate positive cash flows of $60,000 a year at the end of each of the next five years. The project's NPV is $100,000 and the company's WACC is 10 percent. What is the project's simple, regular payback? Select one: O a. 2.12 years O b. 3.22 years O c. 2.35 years O d. 2.29 years O e. 1.56 years
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