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Compute the Payback Periods for a project with the following cash flows, if the companys discount rate is 12.99%. Initial outlay = -$10,000 Cash flows:
Compute the Payback Periods for a project with the following cash flows, if the companys discount rate is 12.99%.
Initial outlay = -$10,000
Cash flows: Year 1 = $2500
Year 2 = $4700
Year 3 = $1,628.8
Year 4 = $3,425.13
Year 5 = $2891
Please round your answer to the second decimal. E.g. 1.23
Please show work.
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