Question text

A project has the following cash flows. What is the payback period? Year 0 -$14,500

year 1 $2,200

year 2 $4,800

year 3 $6,500

year 4 $7,500

Select one:

A.

2.59 years

B.

3.13 years

C.

3.04 years

D.

2.96 years

E.

3.24 years