What is the payback period

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Question - Yancy is considering a project which will produce cash inflows of $900 a year for 4 years. The project has a 9 percent required rate of return and an initial cost of $2,800. What is the payback period?

A. 3.11 years

B. 3.18 years

C. 3.82 years

D. 4.18 years

E. never

Reference no: EM132999505

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