Smithson Farms is evaluating the feasibility of a new elevator. The farm has decided to use the payback project evaluation method...

payback project evaluation method, and requires a payback of 2 years. Given the following cost/cash flow estimates, should the grain elevator be purchased? Initial Cost $5,000,000 Period Cash flows 2,000,000 2,300,000 2,600,000 Mow do I Sowe for 1,200,000 NPV With no rate 7 A. Yes: the payback is less than 1 years. B. Yes: the payback is less than 2 years. C. No: the payback is more than 2 years. D. No: the payback is more than 3 years. E. More information is needed to answer this