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Your best friend graduated from Rutgers five years ago, and after paying back student loans, she finally has some money to invest. There are two

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Your best friend graduated from Rutgers five years ago, and after paying back student loans, she finally has some money to invest. There are two investment opportunities that her dad has told her about, and you are trying to help her decide between the two. Investment requires her to invest $2,000 today The cash flows for the investments are likely to be as follows: Year Investment 0 2 750 750 w 4 750 5 250 6 250 What are the payback periods for the investments (we assume cash flows occur throughout the year)? 1.67 years 2.87 years 3.67 years 4.87 years 5.67 years

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