Question
Find the Payback period for the following project: Project X Initial Outlay $8,410 Year 1 $3,620 Year 2 $3,370 Year 3 $3,950 Year 4 $7,270
Find the Payback period for the following project:
Project X | |
Initial Outlay | $8,410 |
Year 1 | $3,620 |
Year 2 | $3,370 |
Year 3 | $3,950 |
Year 4 | $7,270 |
The answer should be calculated to two decimal places.
I'm not sure how my prof. got the 2.36
Answer:
| (2.36) |
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
13th edition
1259444953, 978-1259444951
