Business, 18.06.2021 01:00 leapfroggiez

Olinick Corporation is considering a project that would require an investment of $343,000 and would last for 8 years. The incremental cash inflows of the project per year at $107,000. The scrap value of the project's assets at the end of the project would be $23,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to:___.a) 2.8 years. b) 4.6 years.
c) 3.5 years.
d) 2.7 years.

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Olinick Corporation is considering a project that would require an investment of $343,000 and would...