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7.Tiger Management Services is considering an investment of $75,000.Data related to the investment are as follows: Year Cash Inflows 1 $20,000 2 23,000 3 17,000
7.Tiger Management Services is considering an investment of $75,000.Data related to the investment are as follows:
Year
Cash Inflows
1
$20,000
2
23,000
3
17,000
4
50,000
5
20,000
The investment's payback period in years (rounded to two decimal points) is:
A)3.30
B)2.23
C)3.38
D)3.00
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