A firm is considering investing in project A. The engineers in the project task force worked with finance member of the task force to derive the cash flows related to this project. Based on the risk of the project the required rate of return or the discount rate is 9%.

Project As cash flows are:

Today, Time 0 : $(100,000)

End of year 1: $35,000

End of year 2: $35,000

End of year 3: $35,000

End of year 4: $35,000

Find the simple payback period of the project

A.	2.86 years
	B.	1.9 years
	C.	1.5 years
	D.	3.30 years
	E.	None of he above

-If the NPV of a project is zero implies that the profitability index is 0.

True OR False