Question
Levi's Levees always evaluates projects using the payback method. What is the payback period for the following set of cash flows? (Round your answer to
Levi's Levees always evaluates projects using the payback method. What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.)
Year Cash Flow
0 $ 4,700
1 1,200
2 1,400
3 1,800
4 1,300
Payback period years=
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Analysis For Financial Management
Authors: Robert Higgins
7th Edition
0072863641, 9780072863642
