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What is the present value payback period, rounded to one-tenth of a year? (Note: PV factors for 10% are as follows: year 1= 0.909;

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What is the present value payback period, rounded to one-tenth of a year? (Note: PV factors for 10% are as follows: year 1= 0.909; year 2 = 0.826, year 3 = 0.751; year 4 = 0.683; year 5 = 0.621; the PV annuity factor for 10%, 5 years 3,791. Assume that annual after-tax cash inflows occur at year-end.) Multiple Choice 2.5 years 3.0 years 3.3 years

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