Question
An investment project provides cash inflows of $1,300 per year for eight years. a. What is the project payback period if the initial cost is
An investment project provides cash inflows of $1,300 per year for eight years.
a.What is the project payback period if the initial cost is $4,150?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)b.What is the project payback period if the initial cost is $5,200?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)c.What is the project payback period if the initial cost is $11,400?(Enter 0 if the project never pays back. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
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