Question: There is a project with the following cash flows : Year Cash Flow 0 $28,300 1 8,200 2 9,300 3 7,700 4 8,300 5 7,800

There is a project with the following cash flows :

Year Cash Flow
0 $28,300
1 8,200
2 9,300
3 7,700
4 8,300
5 7,800

What is the payback period?

3.37 years

2.60 years

4.00 years

3.65 years

3.71 years

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