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Consider the following two projects: Project Year 0 Year 1 Year 2 Year 3 Year 4 Cash Flow Cash Flow Cash Flow Cash Flow Cash

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Consider the following two projects: Project Year 0 Year 1 Year 2 Year 3 Year 4 Cash Flow Cash Flow Cash Flow Cash Flow Cash Flow - 100 40 50 60 73 20 20 20 20 Discount Rate 0.1 0.1 A B The payback period for project B is closest to: A. 4 years B. 3.7 years O C. 3.3 years OD. 2.9 years

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