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Liula [17]
2 years ago
10

You are considering a project with an initial cost of $4,600. What is the payback period for this project if the cash inflows ar

e $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.
Business
1 answer:
klio [65]2 years ago
3 0
The correct answer is C, 2.89 years
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