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Calculate the payback period for the set of cash flows. YEAR CASH FLOWS 0 $11,000 1 3,700 2 4,300 3 3,200 4 4,600 5 3,400
Calculate the payback period for the set of cash flows.
| YEAR | CASH FLOWS | |
| 0 | −$11,000 | |
| 1 | 3,700 | |
| 2 | 4,300 | |
| 3 | 3,200 | |
| 4 | 4,600 | |
| 5 | 3,400 |
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Step: 1
Calculate the cumulative cash flow as follows Year Cash Flow Cumulative Cash Flow ...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
