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QUESTION 8 Consider the following project: YearO CIF Year1 C/F Year2 CIF Year3 C/F Year4 C/F Year 5 C/F Discount Rate The payback period for the...

Consider the following project:Year 0 C/FYear 1 C/FYear 2  C/FYear 3  C/FYear 4 C/FYear 5 C/FDiscount Rate-79

20

25

30

35

40

15%

The payback period for the project is closest to:

2.9 years3.2 years3.1 years2.6 years

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