Question
3. Problem 11.04 (Payback Period) Project L requires an initial outlay at t = 0 of $69,000, its expected cash inflows are $10,000 per year
3. Problem 11.04 (Payback Period)
| Project L requires an initial outlay at t = 0 of $69,000, its expected cash inflows are $10,000 per year for 11 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places. years: |
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
