Question
FInd the Payback period for the following project: Project X: Initial Outlay: $8,900 Year 1: $3,300 Year 2: $4,000 Year 3: $3,830 Year 4: $7,740
FInd the Payback period for the following project:
Project X:
Initial Outlay: $8,900
Year 1: $3,300
Year 2: $4,000
Year 3: $3,830
Year 4: $7,740
The answer should be calculated to two decimal places.
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
