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(Ignore income taxes in this problem.) The Zinger Corporation is considering an investment that has the following data: Year 1 Year 2 Year 3 Year
| (Ignore income taxes in this problem.) The Zinger Corporation is considering an investment that has the following data: |
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
| Investment | $10,000 | $3,400 | |||
| Cash inflow | $2,400 | $2,400 | $4,500 | $4,400 | $4,400 |
| Cash inflows occur evenly throughout the year. The payback period for this investment is |
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The Practice Of Modern Internal Auditing
Authors: Lawrence B Sawyer
2nd Edition
0894130927, 978-0894130922
