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You are considering a project with an initial cost of $4,600. What is the payback period for this project if the cash inflows are $450, $970, $2,800, and $500 a year for Years 1 to 4, respectively?a. 1.
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You are considering a project with an initial cost of $4,600. What is the payback period for this project if the cash inflows are $450, $970, $2,800, and $500 a year for Years 1 to 4, respectively?a. 1.03 years.

b. 2.36 years.
c. 2.89 years.
d. 3.76 years.
e. 3.81 years.

User Ryeguy
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The correct answer is C, 2.89 years
User Anuar
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