Question

A food cart costs $4,500 and is expected to return $1,750 a year for three years...

A food cart costs $4,500 and is expected to return $1,750 a year for three years and then be worthless. What is the payback period for this cart?

Select one:

A. 1.57 years

B. 3.14 years

C. 2.78 years

D. 2.57 years

E. 2.83 years

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