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Donald Trump has provided below information: $1.100,000 12 year Investment Useful life Estimated annual net cash inllows for year Estimated annual net cash inflows for

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Donald Trump has provided below information: $1.100,000 12 year Investment Useful life Estimated annual net cash inllows for year Estimated annual net cash inflows for second year Estimated annual net cash inflows for next ten years Residual value Depreciation method Required rate of retun Donald Trump is asking you to determine what the payback period for the investment would be. (Round your answer to two decimal places.) 2.82 years 2.77 years o 2.55 years 2.75 years

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