What is the Payback Period for the following investment? Year OTNO 45 0 1 2 3 5 O a. 3.77 O b. 3.96 O c. 3.89 O d. 3.73 $ Cash Out (1,600,000) (710,000) $ Cash In 550,000 580,000 610,000 640,000 670,000

What is the Payback Period for the following investment? a. 0.11 b. 3.96 C. 3.89 d. 3.73