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An investment of $200,000 is expected to generate the following cash inflows in six years: Year 1: $70,000 Year 2: $60,000 Year 3: $55,000 Year

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An investment of $200,000 is expected to generate the following cash inflows in six years: Year 1: $70,000 Year 2: $60,000 Year 3: $55,000 Year 4: $40,000 Year 5: $30,000 Year 6: $25,000 Required: Compute payback period of the investment 7 O 0.3.375 years O b. 3.275 years O C.3.475 years d. 3.575 years

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