Calculating Payback What is the payback period for the following set of cash flows? Year Cash Flow 0 1 2 3 4 -$7,600 $3,000 $2,200 $1,900 $2,400 Suggested Formula(s): Payback period = Select one: O A. 3.21 years O B. 2.79 years O C. 2.94 years O D. 2.74 years O E. 3.06 years Number of years that pass before the sum of an investment's cash flows equals the cost of the investment

Calculating Payback What is the payback period for the following set of cash flows? Suggested Formula(s): Payback period = Number of years that pass before the sum of an investment's cash flows equals the cost of the investment Select one: A. 3.21 years B. 279 years C. 2.94 years D. 2.74 years E. 3.06 years