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Minden Co. is considering opening a new store in Kingston. The company will take a 5-year lease on store premises. The investment will be $500,000,

Minden Co. is considering opening a new store in Kingston. The company will take a 5-year lease on store premises. The investment will be $500,000, and the cash inflows are expected to be as follows: Year 1: $ 50,000 Year 2: $100,000 Year 3: $150,000 Year 4: $200,000 Year 5: $250,000 The payback is 3 years 2 years 1 years 4 years 7C 13 ENG

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