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Problem 12-4: Payback Please show the formulas Wild Horse Corporation is considering a major expansion that will cost SAR 22,000,000. Annual cash flows from the
Problem 12-4: Payback | Please show the formulas | ||
Wild Horse Corporation is considering a major expansion that will cost SAR 22,000,000. | |||
Annual cash flows from the project are expected to be SAR 4,950,000 for 6 years. | |||
The firm uses a discount rate of 8%. | |||
Calculate the Payback Period for the project. (Round to 2 decimal places.) |
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