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What is the payback period of the following investment? Year0:400,000spent on a new machine Years 1 to5:70,000cash inflow per annum Years 6 to10:50,000cash inflow per

What is the payback period of the following investment?

Year0:400,000spent on a new machine

Years 1 to5:70,000cash inflow per annum

Years 6 to10:50,000cash inflow per annum

Year11:Machinesold for 72,857

a) 5 years

b) 6 years

c) 7 years

d) 4 years

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