Question
Problem 10-5 Payback A project has an initial cost of $54,425, expected net cash inflows of $13,000 per year for 8 years, and a cost
Problem 10-5 Payback
A project has an initial cost of $54,425, expected net cash inflows of $13,000 per year for 8 years, and a cost of capital of 12%. What is the project's payback period? Round your answer to two decimal places.
years
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Financial Economics
Authors: Zvi Bodie, Robert C Merton, David Cleeton
2nd Edition
0558785751, 9780558785758
