Casa Loma Industries is considering a $300,000 capital investment with the following projected cash flows:

The payback period is rounded to:

a. 3 years 2 months

b. 6 years

c. Some other answer

d. 4 years

e. 3 years 3 months

Year Year 4 1 Cash Flows $60,000 $140,000 $90,000 Cash Flows $50,000 $40,000 $30,000 5 2 3 6