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Problem 8-1 Calculating Payback [LO 1] Consider the following cash flows: Year Cash Flow 0 $8,000 1 2,250 2 5,300 3 2,050 4 1,750 Required:
Problem 8-1 Calculating Payback [LO 1]
| Consider the following cash flows: |
| Year | Cash Flow | |||
| 0 | $8,000 | |||
| 1 | 2,250 | |||
| 2 | 5,300 | |||
| 3 | 2,050 | |||
| 4 | 1,750 | |||
| Required: |
| What is the payback period for the above set of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Payback period | years |
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