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What is the payback period for the following set of cash flows? Year      Cash Flow 0           -$6,400 1             1,600 2             1,900 3             2,300 4             1,400 A. 3.38 years B. 3.45...

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Finance

What is the payback period for the following set of cashflows?

Year      CashFlow

0          -$6,400

1            1,600

2            1,900

3            2,300

4            1,400

A. 3.38 years

B. 3.45 years

C. 3.60 years

D. 3.43 years

E. 3.73 years

Answer & Explanation Solved by verified expert
4.3 Ratings (813 Votes)
Option D is correct Payback period is the time required for the operating cash inflows to recover the initial investment in a project Here initial investment 6400    See Answer
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