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A project has the following cash flows. What is the payback period? Year Cash Flow 0 --$92,000 1 27,000 2 45,800 3 16,800 4 11,200

A project has the following cash flows. What is the payback period? Year Cash Flow

0 --$92,000

1 27,000

2 45,800

3 16,800

4 11,200

A.

2.48 years

B.

2.59 years

C.

2.96 years

D.

3.21 years

E.

3.43 years

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