Question
A project Kyle Company is considering will require an initial investment of $100,000 and is expected to generate the following cash flows: Year 1 $35,000
A project Kyle Company is considering will require an initial investment of $100,000 and is expected to generate the following cash flows:
Year 1 $35,000
Year 2 $25,000
Year 3 $20,000
Year 4 $20,000
Year 5 $15,000
What is the projects payback period?
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
