The Company pays $29,000 for an asset that is expected to generate after-tax cash flows at a rate of $1,100 per month for the first year, $1,300 per month for the second year, and $900 per month for the third year. How long, in months, is the investments payback period? (NO EXCEL)

Question 5 options:

26.6

29.3

32.2

35.5

24.2