What is the payback period for the following set of cash flows? Year Cash Flow 0-$ 6,100 1 2,500 2 3 1,200 2,800 4 1,800 Multiple Choice 3.16 years 3.00 years 2.86 years 2.81 years 2.88 years

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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What is the payback period for the following set of
cash flows?
Year Cash Flow
0
-$ 6,100
1
2 1,200
2,500
3 2,800
4 1,800
Multiple Choice
3.16 years
3.00 years
2.86 years
2.81 years
2.88 years
Transcribed Image Text:What is the payback period for the following set of cash flows? Year Cash Flow 0 -$ 6,100 1 2 1,200 2,500 3 2,800 4 1,800 Multiple Choice 3.16 years 3.00 years 2.86 years 2.81 years 2.88 years
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