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D Question 20 3 pts (Chapter 5) Use the following information to answer questions 20 to 27. You are the CFO of Supino's Pizza. The

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D Question 20 3 pts (Chapter 5) Use the following information to answer questions 20 to 27. You are the CFO of Supino's Pizza. The owner provides you with the following information about a new oven 'Ultra' that will last for 5 years. The "Ultra" oven will cost $1,100,000. The cash flows from the oven are as follows: $406,400 in year 1, $0 in year 2, and $412,000 a year in years 3, 4, and 5. The required rate of return is 11 percent. Credit will only be given if you provide numerical support for your decision. What is the Payback Period for the project? Will you accept the project if the benchmark Payback Period is 3 years 7 months? Edit Format Table 12pt V Paragraph BIU A LV TV

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