The Red Duck is considering a project with an initial cost of $42,700. The project will...

The Red Duck is considering a project with an initial cost of $42,700. The project will produce cash inflows of $8,000 a year for the first two years and $12,000 a year for the following three years. What is the payback period?

Group of answer choices

5.24 years

2.23 years

4.23 years

3.24 years

Expert Solution

jeff jeffy answered 2 years ago

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