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What is the payback period for the following set of cash flows? Year Cash Flow 0 $ 4,400 1 2,900 2 2,200 3 2,700 4

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

Year Cash Flow

0 $ 4,400

1 2,900

2 2,200

3 2,700

4 2,400

A:1.77 years

B:1.63 years

C:1.98 years

D:1.68 years

E:1.70 years

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