An investment project provides cash inflows of $915 per year for eight years. What is the project

Question:

An investment project provides cash inflows of $915 per year for eight years. What is the project payback period if the initial cost is $3,400? What if the initial cost is $4,800? What if it is $7,900?

Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...