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The Burb Corporation is evaluating the following project. The CFO has determined that the appropriate risk-adjusted discount rate is 9%. Calculate the payback period for
The Burb Corporation is evaluating the following project. The CFO has determined that the appropriate risk-adjusted discount rate is 9%. Calculate the payback period for the project. (Round to 3 decimals)
| Year | Cash Flow |
| 0 | -30,000,000 |
| 1 | 7,000,000 |
| 2 | 7,000,000 |
| 3 | 7,000,000 |
| 4 | 7,000,000 |
| 5 | 12,000,000 |
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