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A project has the following cash flows: Year Cash Flow 0 -20,000 1 5,931 2 5,931 3 5,931 4 5,931 5 5,931 6 5,931 7
A project has the following cash flows:
| Year | Cash Flow |
| 0 | -20,000 |
| 1 | 5,931 |
| 2 | 5,931 |
| 3 | 5,931 |
| 4 | 5,931 |
| 5 | 5,931 |
| 6 | 5,931 |
| 7 | 5,931 |
| 8 | 5,931 |
The payback period for this project is ___ years.
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
