Evaluate the following project using the appropriate functions in Excel: t Cash flow 0 $ (40,000) 1 10,000 2 10,000 3 11,000 4 17,000

What is the Payback Period for the cash flows in (1)? Calculate with at least one method. Consider using IF, AND, ABS, MAX, SUM, ROUND, COUNTIF, and/or VLOOKUP in your formulas. 5 12,000