Question
An investment project provides cash inflows of $645 per year for eight years. What is the project payback period if the initial cost is $1,800?
An investment project provides cash inflows of $645 per year for eight years. |
What is the project payback period if the initial cost is $1,800? (Do not round intermediate calculations. Enter 0 if the project never pays back. Round your answer to 2 decimal places (e.g., 32.16).) |
Payback period | years |
What is the project payback period if the initial cost is $3,500? (Do not round intermediate calculations.Enter 0 if the project never pays back. Round your answer to 2 decimal places (e.g., 32.16).) |
Payback period | years |
What is the project payback period if the initial cost is $5,300? (Do not round intermediate calculations.Enter 0 if the project never pays back. Round your answer to 2 decimal places (e.g., 32.16).) |
Payback period | years |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started