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What is the payback period of the project for daytona inc

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Reference no: EM132873264

DAYTONA Inc. is evaluating a project that will cost the company $250,000. The project is expected to provide the following cash flows:

Year 1 $80,750
Year 2 $93,450
Year 3 $40,235
Year 4 $145,655

Problem 1: What is the payback period of this project?

Option 1: 4.24 years

Option 2: 4.0 years

Option 3: 2.92 years

Option 4: 3. 58 years

Option 5: 3.24 years

Reference no: EM132873264

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