Kizspy | Question: 14
(Choose 1 answer)
Carmen Electronics bought new machinery for $6 million. This is expected to result in additional cash flows of $1.4 million over the next seven years. What is the payback period for this project? If its acceptance period is five years, will this project be accepted? (Round your answer to two decimal places.)
A. 4.29 years; yes
B. 4.17 years; no
C. 3.83 years; yes
D. 3.83 years; no
