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The Seattle Corporation has been presented with an investment opportunity which will yield cash flows of $ 3 0 , 0 0 0 per year

The Seattle Corporation has been presented with an investment opportunity which will yield cash flows of $30,000 per year in Years 1 through 4, $35,000 per year in 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?
Question 4 options:
4.00 years
4.86 years
5.23 years
6.00 years
6.34 years

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