Question
A firm is considering a capital budgeting project that has an initial out flow of 100 followed by four inflows of $28.8 in years 1-4
A firm is considering a capital budgeting project that has an initial out flow of 100 followed by four inflows of $28.8 in years 1-4 and a cash flow in year 5 of $32. What is the Payback if the interest rate is 10%?
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
