Question
Problem 10-05 Payback A project has an initial cost of $59,850, expected net cash inflows of $10,000 per year for 9 years, and a cost
Problem 10-05 Payback
A project has an initial cost of $59,850, expected net cash inflows of $10,000 per year for 9 years, and a cost of capital of 11%. What is the project's payback period? Round your answer to two decimal places.
Please show your work not just the answer, I do not understand how to calculate these problems
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
