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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 $8,000 $2,000 $1,000 $2,000 Cash inflow $5,000 $4,000 $4,000 Cash inflows occur evenly throughout the year. The payback period for this investment is: Multiple Choice 3.5 years 4.0 years O 3.0 years O 4.5 years
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