In: Finance
QUESTION 21
Calculate the payback period for a project that costs $400,000 if the cash inflows are $165,000 in year 1, $182,000 in year 2, $151,000 in year 3, and $146,000 in year 4.
| 
 2.541 years  | 
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| 
 2.351 years  | 
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| 
 3.114 years  | 
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| 
 3.894 years  | 
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| 
 none of the above  |