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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $13,000, $13,000, $14,000, $11,000, and $12,000, respectively.
Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $13,000, $13,000, $14,000, $11,000, and $12,000, respectively.
In which year will the company recover its initial investment? (Enter only whole numbers)
How much extra money beyond the initial investment will the company earn in that year?
What is the payback period? (Enter your answer rounded to 2 DECIMAL PLACES)
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