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Refer to Table 2 below. Complete without using Excel Complete Table 2 below and determine the Payback Period? Assume you want your money back within

Refer to Table 2 below. Complete without using Excel

Complete Table 2 below and determine the Payback Period? Assume you want your money back within 2 years. Would you accept or reject the project? Why?

Table 2

Year

Cash Flow

Cumulative

0

-$50,000

1

$ 12,000

2

$ 45,000

3

$ 25,000

4

$ 150,000

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