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I know it's between 2 and 3 but I don't know how to find the exact period in between (managerial accounting.. USA accounting method) 40.

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I know it's between 2 and 3 but I don't know how to find the exact period in between (managerial accounting.. USA accounting method)

40. Nestor Company is considering the purchase of an asset for $100,000. It is expected to produce the following net cash flows. The cash flows occur evenly throughout each year ea.cao Yeor 1 Year 2 Yeer 3 Year 4 Year 5 Annuol Net Cash Flows $40 000 $40,000 $35000 $35,000 15,000 / x3 3sooo 35 coo 30000 :2.43 Compute the payback period for this investment. (Round to two decimal places)

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