Chow Company has gathered the following information on a proposed investment project: Initial Investment $368,000 Annual cash inflows $ 50,000 Cost of Capital 5% Life of project 10 years The payback period for this investment is closest to: 

Question 3 options:

A)

7.3 years

B)

0.9 years

C)

10 years

D)

1.1 years

E)	11.9 years