Question
Problem 10-05 Payback A project has an initial cost of $57,400, expected net cash inflows of $14,000 per year for 9 years, and a cost
Problem 10-05
Payback
A project has an initial cost of $57,400, expected net cash inflows of $14,000 per year for 9 years, and a cost of capital of 13%. What is the project's payback period? Round your answer to two decimal places.
years
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
