Question
Project L costs $3,230, its expected cash inflows are $711 per year for 10 years, and its cost of capital is 12%. The project's
Project L costs $3,230, its expected cash inflows are $711 per year for 10 years, and its cost of capital is 12%. The project's (regular, i.e. "traditional") payback period is years. Round your answer to 2 decimal places (example: for 12.345 years, you should enter 12.35).
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
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