Starbucks is developing a new coffee. This new coffee has an initial cost of $30,050. Over the next five years, respectively, Starbucks expects to generate cash flows of $7,400, $9,500, $9,500, $8,400, and $8,200 for this new coffee. What is the new coffee's payback period? Multiple Choice 3.82 years 3.62 years 3.43 years 3.65 years 3.55 years

Answer rating: 100% (QA)

The Answer is in the image, click to view ... View the full answer