Question
An investment project provides cash inflows of $690 per year for eight years. What is the project payback period if the initial cost is $1,875?
An investment project provides cash inflows of $690 per year for eight years.
What is the project payback period if the initial cost is $1,875?(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 $3,650?(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 $5,600?(Do not round intermediate calculations.Enter 0 if the project never pays back. Round youranswer to 2 decimal places (e.g., 32.16).)
Payback period____years
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