Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Project L costs $45,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 11%. What is the project's payback?

Project L costs $45,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places.

years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance Applications And Theory

Authors: Marcia Cornett, Troy Adair, John Nofsinger

5th Edition

1260013987, 9781260013986

More Books

Students also viewed these Finance questions