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A company is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $66,000 $ 5,000 2 $ 6,000 $10,000 3
A company is considering an investment with the following cash flows: Year Investment Cash Inflow 1 $66,000 $ 5,000 2 $ 6,000 $10,000 3 $20,000 4 $17,000 5 $20,000 6 $18,000 7 $16,000 8 $14,000 9 $13,000 10 $13,000 Required: Determine the payback period of the investment. Complete this question by entering your answers in the tabs below. Required Determine the payback period of the investment. (Round your answer to 1 decimal place.) Payback period years
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