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1 It will cost $9,600 to acquire an ice cream cart that is expected to produce cash inflows of $3,600 a year for three years.
1 It will cost $9,600 to acquire an ice cream cart that is expected to produce cash inflows of $3,600 a year for three years. After the three years, the cart is expected to be worthless. What is the payback period? Select one: O a. 2.82 years O b. 1.67 years c. 1.82 years d. 1.79 years O e. 2.67 years
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