Question
Calculate the Payback for the purchase to the nearest hundredth of a year, for a project with the following cash flows to be considered by
Calculate the Payback for the purchase to the nearest hundredth of a year, for a project with the following cash flows to be considered by the Altoona Corporation.
| Year | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flows | -$975 | $300 | $310 | $320 | $80 | $86 |
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Nonprofit Sustainability Making Strategic Decisions For Financial Viability
Authors: Jeanne Bell, Jan Masaoka, Steve Zimmerman
1st Edition
0470598298, 978-0470598290
