Question: The Chicken Basket is considering a project with an initial cost of $20,000. The project will produce cash flows of: $6,700 in year 1, $6,300

The Chicken Basket is considering a project with an initial cost

The Chicken Basket is considering a project with an initial cost of $20,000. The project will produce cash flows of: $6,700 in year 1, $6,300 in year 2, $5,000 in year 3, and $4,000 in year 4. What is the payback period? O 3.50 years 3.26 Years 3.05 years 3.33 years

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