QUESTION 55

You must find the payback for a project, and you have misplaced some of the information that you were given. You know that the project will generate positive cash flows of $60,000 per year at the end of each of the next 5 years, that its NPV is $75,000, and that the companys WACC is 10%. What is the projects regular payback?

		2.11 years
		2.27 years
		2.38 years
		2.54 years
		3.08 years