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Question 7 What is the payback period of a $16,000 investment with the following cash flows? Year 1 2 3 4 5 Cash Flow $3,000

Question 7 What is the payback period of a $16,000 investment with the following cash flows? Year 1 2 3 4 5 Cash Flow $3,000 $4,000 $5,000 $6,000 $7,000 O 5.00 years 3.67 years 2.33 years 2.43 years 3.57 years

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