Question: Dinah, the operator of Dinah's Diner, wishes to choose between two alternative investments providing the following annual net cash inflows over the five-year investment period:
![1766_YAA 1.png](https://secure.tutorsglobe.com/CMSImages/1766_YAA 1.png)
Calculate the payback time for each alternative, assuming an initial investment of $33,000 under each alternative.