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9. What is the payback period for a $22,622 investment with the following cash flows? Year 1 2 3 4 5 Cash flow $2,700 $8,300
9. What is the payback period for a $22,622 investment with the following cash flows?
Year 1 2 3 4 5
Cash flow $2,700 $8,300 $6,800 $4,800 $2,200
a. 3.23 years
b. 3.61 years
c. 3.46 years
d. 3.68 years e. 4.01 years
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