Question
Only have 20 minutes!: An investment project requires a net investment of $90,000. The project is expected to generate annual net cash inflows of $22,000
Only have 20 minutes!:
An investment project requires a net investment of $90,000. The project is expected to generate annual net cash inflows of $22,000 for the next 5 years. The firm's cost of capital is 12 percent. Determine the simple payback period for the project.
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
