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can i please get the answer for this problem. I am having trouble solving this. I cant get the payback period right. Please show the
can i please get the answer for this problem. I am having trouble solving this. I cant get the payback period right. Please show the work.
Consider the following cash flows:
YearCash Flow0
1 -$7,000
2 2,000
3 4,300
4 1,800
5 1,500
What is the payback period for the cash flows?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Payback period_______years
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