Question
Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Year 0 1 2 3 4 5
Stern Associates is considering a project that has the following cash flow data. What is the project's payback?
Year 0 1 2 3 4 5
Cash flows -$1,175 $420 $430 $440 $450 $460
a. 2.26 years
b. 1.26 years
c. 2.74 years
d. 1.10 years
e. 3.74 years
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
