Assume the appropriate discount rate for this project is 13%. The payback period for this project is closest to ________

Year Cash Flow
0 -12,000
1 5000
2 5000
3 5000
4 5000

A) 2.88 years
B) 2.40 years
C) 1.92 years
D) 3.60 years


Answer: B

Business

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