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The expected cash flows for a four-year project are given below: Years Cash Flow ($) 1 15,000 50,000 3 40,200 4 33.co The initial investment

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The expected cash flows for a four-year project are given below: Years Cash Flow ($) 1 15,000 50,000 3 40,200 4 33.co The initial investment required is $92,056.34 and the cost of capital is 8%. What is the PB of the project? 2.4 years 26 years 2.9 years 28 years 2.7 years

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