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Question 10 12.5 pts (CHAPTER 9) A Department manager is ready to invest money into an investment project that pays back within 3 years. The

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Question 10 12.5 pts (CHAPTER 9) A Department manager is ready to invest money into an investment project that pays back within 3 years. The table below shows estimated cash flows from a new project: PAYBACK TIME Cash flow ($) Year o -3,800 In 1 year 1,900 In 2 years 1,000 In 3 years 600 In 4 years 900 (a) The payback period for this project is [Select] years. (b) Based on the Payback Period rule to investment valuation, this project should be [Select]

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