Question
RentitAll Management Services is considering an investment of $60,000. Data related to the investment are as follows: Year Cash Flow 1 $ 20,000 2 24,000
RentitAll Management Services is considering an investment of $60,000. Data related to the investment are as follows:
| Year | Cash Flow | |
| 1 | $ 20,000 | |
| 2 | 24,000 | |
| 3 | 30,000 | |
| 4 | 40,000 | |
| 5 | 20,000 | |
Cost of capital is 18 percent. What is the payback period in years approximated to two decimal points, assuming no taxes are paid?
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Efficient Auditing Of Private Companies A Guide To Audit Planning Implementation And Control
Authors: The Institute Of Chartered Accountants
1st Edition
1841400432, 978-1841400433
