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Bambi Corporation is considering an investment that will cost $80,000 and have a useful life of 4 years. The cash flows from the project are

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Bambi Corporation is considering an investment that will cost $80,000 and have a useful life of 4 years. The cash flows from the project are expected to be $25,000 per year in the first two years then $20,000 per year for the last two years. What is the payback period for this investment (Rounded to one decimal place)? Select one: O A 3.2 years O B. 3.5 years O C.3.1 years D. 3.9 years

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