Question
A project has an initial cost of $60,000, expected net cash inflows of $12,000 per year for 8 years, and a cost of capital of
A project has an initial cost of $60,000, expected net cash inflows of $12,000 per year for 8 years, and a cost of capital of 13%. What is the project's payback period? Round your answer to two decimal places.
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
