A project is expected to produce cash inflows of $3,600 each year for the next three years. The cost to launch the project is $9,600. After 3 years, the project will be deemed worthless. What is the payback period? Multiple Choice 1.67 years 1.82 years о 2.67 years 2.82 years 1.79 years ㄱ

Managerial Accounting
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ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter12: Capital Investment Analysis
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A project is expected to produce cash inflows of $3,600 each year for the next three years. The cost to launch the project is $9,600. After 3 years, the
project will be deemed worthless. What is the payback period?
Multiple Choice
1.67 years
1.82 years
о
2.67 years
2.82 years
1.79 years
ㄱ
Transcribed Image Text:A project is expected to produce cash inflows of $3,600 each year for the next three years. The cost to launch the project is $9,600. After 3 years, the project will be deemed worthless. What is the payback period? Multiple Choice 1.67 years 1.82 years о 2.67 years 2.82 years 1.79 years ㄱ
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