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A company is considering an investment with the following cash flows: Investment $57,000 $ 7,000 Year 1 2 3 4 5 6 7 8 9
A company is considering an investment with the following cash flows: Investment $57,000 $ 7,000 Year 1 2 3 4 5 6 7 8 9 10 Cash Inflow $ 3,000 $ 6,000 $12,000 $13,000 $16,000 $14,000 $12,000 $10,000 $ 9,000 $ 9,000 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 (Required next
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