Question
Compute the payback statisticfor Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years. (Round
Compute the payback statisticfor Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years.(Round your answer to 2 decimal places. If the project never pays back, then enter a "0" (zero).)
Project BTime:012345Cash flow-$11,400 $3,390 $4,260 $1,600 $0 $1,080
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
