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For the following project, calculate the payback period. ICO $48,000 MCC: 6.3% year ANOCFt 1 $14,500 234 $15,900 $15,200 $13,800 2.9 years 3.1 years

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For the following project, calculate the payback period. ICO $48,000 MCC: 6.3% year ANOCFt 1 $14,500 234 $15,900 $15,200 $13,800 2.9 years 3.1 years 3.2 years 3.4 years 3.4 O none of these

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