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Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Year Initial investment 1. 2.
Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Year Initial investment 1. 2. 3. 4. 5. 6. Net Cash Flows per Year $ (100,000) 10,000 20,000 20,000 30,000 40,000 40,000 Cumulative Net Cash Flows $ (100,000) (90,000) (70,000) (50,000) (20,000) 20,000 60,000 Answer is complete but not entirely correct. Payback period 4.3 years
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