Kizspy | Question: 11
(Choose 1 answer)
Binder 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? (Round your answer to two decimal places.)
A. 2.12 years
B. 1.88 years
C. 4.00 years
D. 3.00 years
