Answer (Choose 1 answer)
Bouder Corp. has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000, $715,250, $823,330, and $907,125 over the next four years. What is the payback period for this project?
A. 4.00 years
B. 2.12 years
C. 1.88 years
D. 3.00 years.
1
