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 | -1,300 | 300 | 310 | 320 | 330 | 340 |
The answer is 4.12
| cumulative CF | -1,300 | -1,000 | -690 | -370 | -40 | 300 |
please write down step by step instructions of how to solve using a financial calculator.
The answers are already on this problem- I need guidance with a financial calculator and not EXCEL
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Authors: Louis C. Gapenski
4th Edition
1567932800, 978-1567932805
