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Craig's Car Wash inc. is considering a project that has the following cash flows, salvage value, and WACC data. What is the project's economic life?

Craig's Car Wash inc. is considering a project that has the following cash flows, salvage value, and WACC data. What is the project's economic life?

WACC: 10.00%

Year 0 1 2 3
Cash flows -$6,000 $2,600 $2,300 $3,000
Salvage Value $6,000 $3,500 $2,300 $0

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