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Pepe's Paletas is consideringthe purchase ofa small ice cream cart for$4,300. Pepe expects salesto be $3,500 a year for five years. After the five years,
Pepe's Paletas is consideringthe purchase ofa small ice cream cart for$4,300. Pepe expects salesto be $3,500 a year for five years. After the five years, the cart'scooling systemis expected to give out and the cart will be worthless. What is the payback period of the ice cream cart?
A) 1.23 years
B) 6.14 years
C) 4.07 years
D) 0.25 years
E) 0.81 years
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