What is the payback period for this project

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Question - You are considering a project with an initial cost of $13,000. What is the payback period for this project if the annual cash inflows are $3,450, $5,970, $2,100, and $1,400 for Years 1 to 4, respectively?

A. Never

B. 3.89 years

C. 4.06 years

D. 3.97 years

E. 3.81 years

Reference no: EM133111121

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