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Metlock Inc. is contemplating a capital investment of $68000. The cash flows over the projects four years are:Metlock Inc. is contemplating a capital investment of

Metlock Inc. is contemplating a capital investment of $68000. The cash flows over the projects four years are:Metlock Inc. is contemplating a capital investment of $68000. The cash flows over the projects four years are:

Expected Annual Expected Annual
Year Cash Inflows Cash Outflows
1 $38000 $12000
2 33000 18000
3 40000 22000
4 32000 20000

The cash payback period is?

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