A company considers a project that will require an initial investment of Php 500,000.00 and is expected to generate future cash flows of Php 200,000 for the first 3 years and php 100,000 for the fourth to the seventh years. The projects payback period is:

-----------

solution 3

choice 2

Select one:

a. 3.33

b. 3.5

c. 1.67

d. 2.5

pls show steps