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You are considering investing in the Jayco Tours travel company. In order to start the company it will cost $50,000. The company is expected to

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You are considering investing in the Jayco Tours travel company. In order to start the company it will cost $50,000. The company is expected to produce net cash inflows of $21,000 per year for each of the next 5 years. A table of these cash flows are provided here for your convenience. When appropriate, the cost of capital is 12 percent. Year CF 0 (50,000) 1 21,000 2 N 21,000 3 21,000 4 21,000 5 21,000 What is the payback period of this project? A. 3.38 Years B. 2.38 Years C.5.00 Years D. 2 Years

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