What is the payback period for the following set of cash flows?

Year	Cash Flow
0	$ 3,800
1	2,800
2	2,000
3	1,100
4	2,700

rev: 09_18_2012

Multiple Choice

• 1.50 years

• 1.58 years

• 1.52 years

• 1.45 years

• 1.80 years