What is the payback period for the following set of cash flows? Cash Flow Year -$4,500 1

Question:

What is the payback period for the following set of cash flows? Cash Flow Year -$4,500 1 1,300 2,400 3 1,100 4 800

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,...