Question
An investment project costs $20,200 and has annual cash flows of $6,500 for 3 years. If the discount rate is 13 percent, what is the
An investment project costs $20,200 and has annual cash flows of $6,500 for 3 years. If the discount rate is 13 percent, what is the payback period?
| 1.61 years | ||
| 3.11 years | ||
| 1.87 years | ||
| 2.61 years | ||
| Never recovers |
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
