Question
Consider the Capital budgeting project described below. If the hurdle rate is 8%, what is the project payback period? Round your answer to the nearest
Consider the Capital budgeting project described below. If the hurdle rate is 8%, what is the project payback period?
Round your answer to the nearest 0.01.
| Year | 0 | 1 | 2 | 3 |
| Cash flow | -$1500 | $1400 | $400 | $400 |
*please explain thoroughly, and include a break down of the calculations when using a calculator I would be very thankful*
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
12th Edition
1260772160, 978-1260772166
