Sara Flea Collar Inc. is evaluating an overseas expansion that will co
Sara Flea Collar Inc. is evaluating an overseas expansion that will cost $1 million and is expected to generate the following cash flows: year 1: -$250,000; year 2: +$450,000; year 3: +$550,000; and year 4: +$800,000. What is the payback period?
A) 3.00 years
B) 3.13 years
C) 3.31 years
D) 3.75 years
E) 4.00 years
ANSWER
C
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