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Consider the following cash flows: Year Cash Flow 0 $ 5,400 1 1,600 2 2,700 3 1,400 4 1,100 What is the payback period for
Consider the following cash flows:
Year | Cash Flow | |
0 | $ | 5,400 |
1 | 1,600 | |
2 | 2,700 | |
3 | 1,400 | |
4 | 1,100 | |
What is the payback period for the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Payback period years
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