Question
A project has an initial cost of $60,000, expected net cash inflows of $13,000 per year for 7 years, and a cost of capital of
A project has an initial cost of $60,000, expected net cash inflows of $13,000 per year for 7 years, and a cost of capital of 13%. What is the project's payback period? Round your answer to two decimal places.
________ years
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
6th Canadian edition
1259453146, 978-1259453144
