There is a project with the following cash flows :
Year
Cash Flow
0
$29,700
1
8600
2
9700
3
7900
4
8500
5
8200
What is the payback period? 7) _______
A) 4.00 years
B) 3.41 years
C) 2.56 years
D) 3.69 years
E) 3.76 years
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