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There is a project with the following cash flows : Year Cash Flow 0 $28,400 1 8,300 2 8,350 3 7,750 4 6,400 What is
There is a project with the following cash flows :
Year | Cash Flow | |
0 | $28,400 | |
1 | 8,300 | |
2 | 8,350 | |
3 | 7,750 | |
4 | 6,400 | |
What is the payback period?
Options:
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3.91 years
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3.84 years
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2.48 years
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4.00 years
-
3.63 years
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