Big-As-Hens Farms is looking at an expansion of a facility which is going to cost them $20M.This new facility will give them an extra cash flow of $3....

Big-As-Hens Farms is looking at an expansion of a facility which is going to cost them $20M. This new facility will give them an extra cash flow of $3.25M pa for the next 10 years and will have a net salvage value of $5M at the end of year 10. What is the payback for this project?

Question 9 options:

10 years

6.15 years

6.85 years

5.85 years