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Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available. Year
Global Toys, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available.
| Year | Cash Flow A | Cash Flow B | ||
| 0 | $ | 57,000 | $ | 102,000 |
| 1 | 23,000 | 25,000 | ||
| 2 | 30,200 | 30,000 | ||
| 3 | 25,000 | 29,000 | ||
| 4 | 11,000 | 238,000 | ||
What is the payback period for each project?
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
