Question
Fordyce Corp. is considering the purchase of a piece of equipment that costs $35,000. Projected net annual cash flows over the projects life are: Year
Fordyce Corp. is considering the purchase of a piece of equipment that costs $35,000. Projected net annual cash flows over the projects life are:
| Year | Net Annual Cash Flow |
| 1 | $18,000 |
| 2 | 12,000 |
| 3 | 10,000 |
| 4 | 5,000 |
What is the cash payback period?
Round your answer to two decimal places. Enter only the numerical part of the answer. Do not include the "years" label. For instance, if the answer is 3.617 years, enter as 3.62.
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Rethinking Public Private Partnerships
Authors: Mervyn K. Lewis
1st Edition
1789906393, 9781789906394
