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Tiger Management Services is considering an investment of $75,000. Data related to the investment are as follows: Year Cash Inflows 1 $20,000 2 23,000 3
Tiger Management Services is considering an investment of $75,000. Data related to the investment are as follows:
Year Cash Inflows
1 $20,000
2 23,000
3 17,000
4 50,000
5 20,000
The investments payback period in years (rounded to two decimal points) is:
A) 3.30
B) 2.23
C) 3.38
D) 3.00
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