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Problem 8-1 Calculating Payback Consider the following cash flows: Year Cash Flow -6,600 1,900 3,900 1,700 1,400 2 4 What is the payback period for

Problem 8-1 Calculating Paybackimage text in transcribed

Consider the following cash flows: Year Cash Flow -6,600 1,900 3,900 1,700 1,400 2 4 What is the payback period for the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) to 2 decimal places,e.9

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