Question
A capital project has the following cash flows over its useful life: Time 0 Time 1 Time 2 Time 3 Time 4 Cash flow (400,000)
A capital project has the following cash flows over its useful life: Time 0 Time 1 Time 2 Time 3 Time 4 Cash flow (400,000) 105,000 170,000 100,000 125,000 Calculate the payback period for this project. 3.25 years 2.25 years 2.20 years 3.20 years
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
11th edition
324422870, 324422873, 978-0324302691
