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Compute the payback statistic for Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four years.
Compute the payback statistic for Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four years.
Note: Round your answer to 2 decimal places.
Project A
| Time: | 0 | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|---|
| Cash flow: | $1,900 | $710 | $750 | $700 | $480 | $280 |
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Analysis For Financial Management
Authors: Robert Higgins
7th Edition
0072863641, 9780072863642
