Question
19. Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4
19. Stern Associates is considering a project that has the following cash flow data. What is the project's payback?
| Year | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flows | -$975 | $300 | $310 | $320 | $330 | $340 |
|
| a. | 2.54 years |
|
| b. | 2.42 years |
|
| c. | 3.83 years |
|
| d. | 3.14 years |
|
| e. | 3.61 years |
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
7th Edition
0073530751, 9780073530758
