Guerilla Radio Broadcasting has a project available with the following cash flows:
Cash Flow Year
-$12,200 0
$5,000 1
$6,300 2
$5,700 3
$4,100 4
What is the payback period?
Options:
A) 2.16 years
B) 2.52 years
C) 3.00 years
D) 4.00 years