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(Ignore income taxes in this problem.) The Zinger Corporation is considering an investment that has the following data: Year 1 Year 2 Year 3 Year
| (Ignore income taxes in this problem.) The Zinger Corporation is considering an investment that has the following data: |
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
| Investment | $13,500 | $4,100 | |||
| Cash inflow | $3,100 | $3,100 | $8,000 | $5,100 | $5,100 |
| Cash inflows occur evenly throughout the year. The payback period for this investment is: (Round your answer to 1 decimal place) |
3 years
3.7 years
4 years
4.7 years
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