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A project has the following projected cash flows: Period Cash Flow 0 ($1,500,000) 1 $150,000 2 $200,000 3 $300,000 4 $400,000 5 $500,000 6 $600,000

A project has the following projected cash flows:

Period Cash Flow

0 ($1,500,000)

1 $150,000

2 $200,000

3 $300,000

4 $400,000

5 $500,000

6 $600,000

What is the payback period?

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