Ruby Tuesday is a nightclub in the middle of Leeds. They are thinking about adding a second dancefloor inside the premises to increase capacity. The estimated incremental cash flows relating to the project are shown in the table. The target payback period for Ruby Tuesday is 3 years 8 months to the nearest month. Should they accept this project? Year Initial investment Forecast cash flow (45,000) 1 6,500 2 7,800 3 14,000 4 14,000 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Yes, because payback periodonger than target b Yes, because payback period is shorter than target c No, because payback period is longer than target d No, because payback period is shorter than target Unanswered Save