What is the payback period

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Builtrite is considering the purchase of a machine with the following cash flow diagram:year 0 spend $90,000

year 1 $25,000

year 2 $40,000

year 3 $20,000

year 4 $15,000

What is the payback period?

A) 3 years

B) 3.33 years

C) 3.67 years

D) 4 years

Reference no: EM133076310

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