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A company is considering a project with the following cash flows: Initial investment: $109,000 Annual cash flows: $79,000 per year for 8 years Equipment refurbishment
A company is considering a project with the following cash flows:
- Initial investment: $109,000
- Annual cash flows: $79,000 per year for 8 years
- Equipment refurbishment costs (at the end of 6 years): $22,000
- Salvage value of equipment (at the end of 8 years): $6,000
What is the payback period for this project? (Round to two decimal places.)
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Governmental Accounting
Authors: Steven M. Bragg
2022nd Edition
1642210781, 978-1642210781
