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What is the payback period for the following set of cash flows? Year Cash Flow 0 $ 1,900 1 1,300 2 2,900 3 3,000 4

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

Year Cash Flow
0 $ 1,900
1 1,300
2 2,900
3 3,000
4 1,300

Multiple Choice

  • 1.27 years

  • 1.16 years

  • 1.23 years

  • 1.21 years

  • 1.51 years

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