It will cost $2,300 to acquire an ice cream cart. Can sales are expected to be $1800 a year for three years. After the three years, the cart is expected to be worthless as the expected life of the refrigeration unit is only three years What is the payback period? Multiple Choice 222 years 2.20 years 122 year A project has an initial cost of $8,900 and produces cash inflows of $2700, $5.000, and $1,600 over the next three years, respectively. What is the discounted payback period if the required rate of return is 7 percent? Multiple Choice 290 years neve 2.20 years 2.75 years 215 years