18) Kyoto Company is in the process of constructing a new plant at a cost of $30 million. It expects the project to gene

[answerhappygod]

18)
Kyoto Company is in the process of constructing a new plant at a
cost of $30 million. It expects the project to generate cash flows
of $13,000,000, $23,000,000, and 29,000,000 over the next three
years. The cost of capital is 20 percent. What is the payback
period for this project?
Select one:
A.
1.74 years
B.
2.21 years
C.
1.23 years
D.
2.75 years