Determine the payback of the project

Reference no: EM1351458

A firm is evaluating a proposal which has an initial investment of $50,000 and has cash flows of $15,000 per year for five years. The payback of the project is?

A. 1.5 years

B. 4 years

C. 2 years

D. 3.3 years

Reference no: EM1351458

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