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Help me check work please and thank you Compute the payback period for an investment with the following net cash flows. (Round your answer to
Help me check work please and thank you
Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.) Year Initial investment 1. 2. 3. 4. 5. 6. Net Cash Flows per Year $ (104,000) 10,400 20,400 20,400 7,440 50,400 40,400 Cumulative Net Cash Flows $ (104,000) (93,600) (73,200) (52,800) (45,360) 5,040 45,440 Payback period years
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