Question
A company invests $600,000 in a project with the following net cash flows: Year 1: $130,000 Year 2: $113,000 Year 3: $98,000 Year 4: $92,000
A company invests $600,000 in a project with the following net cash flows:
- Year 1: $130,000
- Year 2: $113,000
- Year 3: $98,000
- Year 4: $92,000
- Year 5: $89,000
- Year 6: $95,000
In what year does payback occur?
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
