The Zingstad Corporation is considering an investment with the following data (Ignore income taxes.): Year 1 Year 2 Year 3 Year 4 Year 5 Investment$32,000 $12,000 Cash inflow$8,000 $8,000 $20,000 $16,000 $16,000 Cash inflows occur evenly throughout the year. The payback period for this investment is:
A. 4.0 years
B. 3.0 years
C. 3.5 years
D. 4.5 years
Answer: C
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What will be an ideal response?
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