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If a project costs $615,511, and has the cash flows outlined in the table below, what is this project's payback period in years (use two
If a project costs $615,511, and has the cash flows outlined in the table below, what is this project's payback period in years (use two decimal places in your response)?
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 |
83,175 | 21,156 | 145,048 | 146,313 | 44,503 | 172,914 | 68,250 | 127,775 |
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