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QS 24-1 Payback period LO P1 Park Co. is considering an investment that requires immediate payment of $27,000 and provides expected cash inflows of $9,000

QS 24-1 Payback period LO P1

Park Co. is considering an investment that requires immediate payment of $27,000 and provides expected cash inflows of $9,000 annually for four years. What is the investment's payback period? (FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)

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