(ignore income taxes in this problem.) the zinger corporation is considering an investment that has the following data: year 1 year 2 year 3 year 4 year 5 investment $15,000 $4,400 cash inflow $3,400 $3,400 $8,000 $5,400 $5,400 cash inflows occur evenly throughout the year. the payback period for this investment is: (round your answer to 1 decimal place)

3.9 years

Explanation:

The payback period measures how long it takes for the amounts invested to be recouped from the cumulative cash inflows.

The total amount invested is $19,400.

The total cumulative cash inflow is $25,600.

Please refer to the attached image to see how the payback period was calculated.

I hope my answer helps you.

answer; im, thinking it should be (7yrs)///plz check first.good luck

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