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Serdar owns a local restaurant and he is considering expanding the size of his restaurant. He projects that the initial cost will be $23,200. The
Serdar owns a local restaurant and he is considering expanding the size of his restaurant. He projects that the initial cost will be $23,200. The plan is projected to produce cash inflows of $3,200, $4,100, $4,900, $5,000, and $12,000 over the next five years, respectively. What is the payback period? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.47.) Online calculator: https://www.desmos.com/scientific
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