Question
Project L requires an initial outlay at t = 0 of $54,000, its expected cash inflows are $13,000 per year for 8 years, and its
Project L requires an initial outlay at t = 0 of $54,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places.
___ years.
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College Accounting A Practical Approach 1-15
Authors: Jeffrey Slater
4th Edition
013142050X, 978-0131420502
