An investment project provides cash flows of $595 per year for 5 years. What is the project payback period if the initial cost is $5,500.

An investment project provides cash flows of $595 per year for 5 years. What is the project payback period if the initial cost is $5,500.

Annual cash inflow = $595

# of years = 5

Initial cost = $5,500

a. 9.24

b. 0.11

c. 119.00

d. 0.54