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1. The cash inflows and (outflows) associated with a project are as follows: Year Expected net cash flow ($) 0 120000 1 40000 2 50000
1. The cash inflows and (outflows) associated with a project are as follows:
| Year | Expected net cash flow ($) |
| 0 | 120000 |
| 1 | 40000 |
| 2 | 50000 |
| 3 | 60000 |
The payback period for this project would be:
a. 2 years
b. 3 years
c. 2 years and 6 months
d. 2 years and 3 months
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0073527062
