QS 11-4 (Algo) Payback period and unequal cash flows LO P1

Compute the payback period for an investment with the following net cash flows. (Round your answer to one decimal place.)

Year	Net Cash Flows per Year	Cumulative Net Cash Flows
Initial investment	$ (119,000)	$ (119,000)
1.	11,900	(107,100)
2.	21,900	(85,200)
3.	21,900	(63,300)
4.	50,730	(12,570)
5.	41,900	29,330
6.	41,900	71,230

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