It will cost $6,000 to acquire an ice cream cart. Cart sales are expected to be $3,600 a year for three years.

It will cost $6,000 to acquire an ice cream cart. Cart sales are expected to be $3,600 a year for three years. After the three years, the cart is expected to be worthless as the expected life of the refrigeration unit is only three years. What is the payback period?    A.  1.48 years B.  1.67 years C.  1.82 years D.  1.95 years E.  2.00 years Payback period = $6,000/$3,600 = 1.67 years

75.	You are considering a project with an initial cost of $7,500. What is the payback period for this project if the cash inflows are $1,100, $1,640, $3,800, and $4,500 a year over the next four years, respectively?    A.  3.21 years B.  3.28 years C.  3.36 years D.  4.21 years E.  4.29 years

76.	A project has an initial cost of $6,500. The cash inflows are $900, $2,200, $3,600, and $4,100 over the next four years, respectively. What is the payback period?    A.  1.73 years B.  2.51 years C.  2.94 years D.  3.51 years E.  3.94 years