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The Artie Ziff, Inc. has been presented with an investment opportunity that will yield cash flows of $30,000 per year in Years 1 through 4,

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The Artie Ziff, Inc. has been presented with an investment opportunity that will yield cash flows of $30,000 per year in Years 1 through 4, $35,000 per Years 5 through 9, and $40,000 in Year 10. This investment will cost the firm $150,000 today, and the firm's cost of capital is 10 percent. Assume cash flows occur evenly during the year, 1/365th each day. What is the payback period for this investment? 5.23 years 4.86 years 4.00 years 6.12 years 4.35 years

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