23. An investment project is expected to yield $10,000 in annual revenues, has $2,000 in fixed costs per year, and requires an initial investment of $5,000. Given a cost of goods sold of 60% of sales, what is the payback period? a. 2.50 b. 5.00 c. 2.00 d. 1.25 A project has an initial cost of $100,000 and generates a present value of net cash inflows of $120,000. What is the projects profitability index a. .20 24. b. 1.20 c. 80 d. 5.00