4) You are considering a project with an initial cost of $27,900. What is the payback period for this project if the cash inows are $14,650, $16,190, $12,480, and $9,500 a year over the next four years, respectively? A) 1.90 years B) 1.82 years C) 0.82 year D) 0.90 year E) 1.11 years Answer: B Explanation: A) B) C) D) E)