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A project has the following cash flows: Year 0: -$130,000 Year 1: $60,000 Year 2: $0 Year 3: $100,000 Year 4: $0 Year 5: $60,000
A project has the following cash flows:
Year 0: -$130,000
Year 1: $60,000
Year 2: $0
Year 3: $100,000
Year 4: $0
Year 5: $60,000
The discount rate is 18%. Calculate the payback period.
Need exact answer- not approximate:
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