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What the investment payback period in years is

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Reference no: EM132528439

Tiger Management Services is considering an investment of $75,000. Data related to the investment are as follows:

Year                 Cash Inflows

1                      $20,000

2                         23,000

3                        17,000

4                        50,000

5                             20,000

Question 1: The investment's payback period in years (rounded to two decimal points) is:

Option A) 3.30

Option B) 2.23

Option C) 3.38

Option D) 3.00

Reference no: EM132528439

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