Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

60. An investment project provides cash inflows of $675 per year for eight years. What is the project payback period if the initial cost is

60.

An investment project provides cash inflows of $675 per year for eight years.

What is the project payback period if the initial cost is $1,850? (Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answer to 2 decimal places (e.g., 32.16).)

Payback period years

What is the project payback period if the initial cost is $3,600? (Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answer to 2 decimal places (e.g., 32.16).)

Payback period years

What is the project payback period if the initial cost is $5,500? (Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answer to 2 decimal places (e.g., 32.16).)

Payback period years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Key Global Financial Markets Institutions And Infrastructure

Authors: Gerard Caprio

1st Edition

0123978734, 9780123978738

More Books

Students also viewed these Finance questions