An investment project provides cash inflows of $640 per year for 8 years. What is the project

Question:

An investment project provides cash inflows of $640 per year for 8 years. What is the project payback period if the initial cost is $2,700? What if the initial cost is $3,900? What if it is $6,800?

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,...

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