18)

What is the payback period for a project with the cash flows shown belom? Cash fows ane Fex 0 as assunad to be end-of-year cash flows. Year 0 cash flow =63,000 Year 1 cash flow =16,000 Year 2 cash flow =21,000 Year 3 cash flow =25,000 Year 4 cash flow =30,000 Year 5 cash flow =30,000 Year 6 cash flow =23,000 Select one: a. 4.55 b. 4.80 c. 5.17 d. 3.85 e. 4.10 1. 3.20