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TamariskInc.is contemplating a capital investment of $88000. The cash flows over the project's four years are: Expected Annual Expected Annual YearCash InflowsCash Outflows 1 $36000

TamariskInc.is contemplating a capital investment of $88000. The cash flows over the project's four years are:

Expected Annual Expected Annual

YearCash InflowsCash Outflows

1 $36000 $16000

2 51000 25000

3 70000 30000

4 60000 40000

The cash payback period is

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