Question
A company is considering a project that has an up-front cost paid today at t = 0.The project will generate positive cash flows of $56,471
A company is considering a project that has an up-front cost paid today at t = 0.The project will generate positive cash flows of $56,471 a year at the end of each for the next 6 years.The project's NPV is $96,862 and the company's return on the project is 8 percent.What is the project's payback?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
