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Connect Only Problem 13-3 Payback (LG13-2) Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum
Connect Only Problem 13-3 Payback (LG13-2)
Compute the payback statistic for Project A if the appropriate cost of capital is 7 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: | $1,400 | $510 | $600 | $600 | $380 | $180 |
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
