What is the payback period of the PROJECT ABC?

A. 2.50 years

B. 4.00 years

C. 3.09 years

D. 2.91 years

Suppose that the PROJECT ABC with an initial investment of RM750,000 has the following annual cash inflows: Year 1 2 3 4 RM350,000 RM325,000 RM150,000 Cash inflow (RM) RM180,000 The required rate of return is 8%