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A project has the following cash flows. What is the payback period? Cash Flow Year 0 $20,000 Year 1 8,000 Year 2 11,000 Year 3

A project has the following cash flows. What is the payback period? Cash Flow Year 0 $20,000 Year 1 8,000 Year 2 11,000 Year 3 12,000 Year 4 15,000

Multiple Choice a 2.50 years b 2.24 years c 2.25 years d 2.08 years e 2.95 years

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