Question
3. Project L costs $70,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 10%. What is the project's
3. Project L costs $70,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places. (Please show work so I understand the process.)
_________ years
Please do not answer if you are not sure thank you! :)
Step by Step Solution
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Heres how Payback Period Formula The payback period is the number of years it takes to recover the initial investment of a project based on its net ca...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
