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ABC Corporation is considering an investment that will cost $70,000. During the first 2 years, the corporation receives operating cash flows of $25,000 and $20,000

ABC Corporation is considering an investment that will cost $70,000. During the first 2 years, the corporation receives operating cash flows of $25,000 and $20,000 in year 3 and 4.What is the payback period for this investment? a. 3.2 years. b. 3.0 years. c. 4.0 years. d. Cannot be determined from this information. ???

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