Question 3

Symbiotic Accounting Products is considering launching a project with an initial cost of $7,800. What is the payback period for this project if the cash inflows are $1,100, $1,640, $3,800 and $4,500 a year over the next four years respectively?

		3.21 years
		3.28 years
		3.36 years
		4.21 years
		4.29 years