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First Choice Carpets is considering purchasing new weaving equipment costing S730,000. The company's management has estimated that the equipment will generate cash inflows as follows:
First Choice Carpets is considering purchasing new weaving equipment costing S730,000. The company's management has estimated that the equipment will generate cash inflows as follows: Year 1 $204.000 2 $204,000 3 $266,000 4 $266,000 5 $150,000 Considering the residual value is zero, calculate the payback period. (Round your answer to two decimal places.) O A. 3.42 years OB. 3.70 years OC. 3.21 years OD. 4.61 years
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