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You are considering a project with an initial cost of $14,000. Cash inflows are $3,550, $4,970, $3,600, and $4,000 over the next four years respectively.

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You are considering a project with an initial cost of $14,000. Cash inflows are $3,550, $4,970, $3,600, and $4,000 over the next four years respectively. What is the payback period for this project? 3.5 years 3.4 years 3.3 years 3.2 years O 3.1 years

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