Given the following information and assuming straight-line depreciation to zero, what is the payback period for this project? the project requires an initial investment of $900,000; has a life of 6 years; produces cost savings of $190,000 per year; has a tax rate of 35 percent; and a discount rate of 9 percent. the fixed assets will be sold for $50,000 at the end of year 6.a) 2.54 yearsb) 3.67 yearsc) 3.93 yearsd) 5.10 yearse) the project never pays back.

Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?