Question
A project has the following estimated cash flow stream Year Cash Flow Cumulative 0 -$4,800 1 1,200 2 2,500 3 3,400 4 1,700 Refer to
A project has the following estimated cash flow stream
| Year | Cash Flow | Cumulative |
| 0 | -$4,800 |
|
| 1 | 1,200 |
|
| 2 | 2,500 |
|
| 3 | 3,400 |
|
| 4 | 1,700 |
|
Refer to the Table above. What is the Payback Period for this project?______________(Show your work.)
If the company wants to make its money back within 3.5 years, does it accept or reject the project based on the payback period?
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Restaurant Financial Management
Authors: Hyung-il Jung
1st Edition
1774631431, 978-1774631430
