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correct answer is c please explain/show why 32. Consider a project with the following cash flows: Year 0 1 2 3 Cash Flow - 8000

correct answer is c please explain/show why

32. Consider a project with the following cash flows: Year 0 1 2 3 Cash Flow - 8000 5000 5000 5000 5000 4 Assume the appropriate discount rate for this project is 10%. The payback period for this project is closest to: A. 1.28 B. 1.92 C. 1.6 D. 2.4

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