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Can someone show me how to do this question? Detailed steps please. Will rate a thumb up for good respond, thanks so much!! A project
Can someone show me how to do this question? Detailed steps please. Will rate a thumb up for good respond, thanks so much!!
A project that requires an initial investment of $100,000 will yield the following operating, cash flows and net income over its five-years. Compute the project's payback period in years, and months.
Year | OCF | Net Income |
1 | 20,000 | 15,000 |
2 | 30,000 | 25,000 |
3 | 40,000 | 35,000 |
4 | 15,000 | 10,000 |
5 | 60,000 | 55,000 |
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