Question: The Chicken Basket is considering a project with an initial cost of $18,500. The project will produce cash flows of: $6,700 in year 1, $6,200

The Chicken Basket is considering a project with an initial cost of $18,500. The project will produce cash flows of: $6,700 in year 1, $6,200 in year 2, $5,400 in year 3, and $3,800 in year 4. What is the payback period?

A. 3.05 years

B. 3.26 years

C. 3.33 years

D. 3.47 years

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