You are considering a project with an initial cash outlay of $160,000 and expected free cash flows of $40,000 at the end of each year for 6 years. The required rate of return for this project is 10%. What is the projects payback period?

• 6 years

• 5 years

• 4.5 years

• 4 years

Stokes, Inc. has net working capital of $7,900, current liabilities of $5,220, and inventory of $2,000. What is the current ratio?

• 0.77

• 1.51

• 1.89

• 2.1

Bob