Question
Find the payback period for the initial project Project X Initial Outlay $18,700 Year 1: $5,940 Year 2: $5,390 Year 3: $5,440 Year 4: $7,570
Find the payback period for the initial project
Project X
Initial Outlay $18,700
Year 1: $5,940
Year 2: $5,390
Year 3: $5,440
Year 4: $7,570
Round the answer to two decimal places.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
