Consider the project described in the table below. What is the project's payback period? Cost of Capital Rate 10%
Time 0 1 2 3 4 Cash Flows
($5,300) $2,200 $4,400 $3,500 $2,500
Select one: a. 2.3 b. 1.3 c. 1.7 d. 2.7
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