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Please calculate the payback period for Gilead Sciences, Inc. (GILD). Assume that in each year, each company reinvests all of its retained earnings into a

Please calculate the payback period for Gilead Sciences, Inc. (GILD).

Assume that in each year, each company reinvests all of its retained earnings into a single investment opportunity, generating annual cash flows in perpetuity at a rate equal to its current return on book equity.

Data could be found online, but please provide the source.

Please show the steps for the calculation.

I will report plagiarism and abuse. Thank you!

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