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A capital budgeting project is expected to have the following cash flows: Year Cash Flows 0 -$650,000 1 $200,000 2 $220,000 3 $300,000 4 $380,000
A capital budgeting project is expected to have the following cash flows:
Year Cash Flows
0 -$650,000
1 $200,000
2 $220,000
3 $300,000
4 $380,000 What is the projects payback period?
a. 3.50 years
b. 2.77 years
c. 1.50 years
d. 3.30 years
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