A company invests

$600,000

in a project with the following net cash flows:\ Year 1:

$130,000

\ Year 2:

$113,000

\ Year 3:

$98,000

\ Year 4:

$92,000

\ Year 5:

$89,000

\ Year 6:

$95,000

\ In what year does payback occur?\ Year 5\ Year 4\ Year 6\ Year 3

A company invests $600,000 in a project with the following net cash flows: - Year 1: $130,000 - Year 2: $113,000 - Year 3: $98,000 - Year 4: $92,000 - Year 5: $89,000 - Year 6: $95,000 In what year does payback occur? Year 5 Year 4 Year 6 Year 3