Question
AMP, Inc has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than for years to
AMP, Inc has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than for years to recover costs. The company anticipates cash flows of $436,386; $512,178; $564,755; $764,997; $816,500, and $825,375 over the next six years. What is the payback period?
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Personal Finance
Authors: Jeff Madura
7th Edition
0134989961, 978-0134989969
