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A firm is considering a project that has the following cash flow data. What is the project's payback (to two decimal places) ? Year 0
A firm is considering a project that has the following cash flow data. What is the project's payback (to two decimal places) ?
| Year | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flows | -$975 | $300 | $310 | $320 | $63 | $158 |
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakin
7th Global Edition
0273754440, 9780273754442
