Given the following cash flow, what is the payback period? Time Cash Flow -$670,850 |1 310,020 2 290,000 395,080 156,000 2.65 years O 3.40 years O 1.93 years 2.18 years O 3.07 years 4.

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter12: Capital Investment Decisions
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Problem 5MCQ: An investment of 1,000 produces a net cash inflow of 500 in the first year and 750 in the second...
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Please answer the following multiple choice 

Given the following cash flow, what is the payback period?
Time
Cash Flow
|0
|-$670,850
|1
310,020
2
290,000
3
395,080
|4
156,000
O 2.65 years
O 3.40 years
О 1.93 years
О 2.18 years
O 3.07 years
Transcribed Image Text:Given the following cash flow, what is the payback period? Time Cash Flow |0 |-$670,850 |1 310,020 2 290,000 3 395,080 |4 156,000 O 2.65 years O 3.40 years О 1.93 years О 2.18 years O 3.07 years
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