Question
The Drake Company has decided to invest in a project that is expected to produce the following cash flows: $6,000 in year 1, $8,000 in
The Drake Company has decided to invest in a project that is expected to produce the following cash flows: $6,000 in year 1, $8,000 in year 2 and $4,000 in year 3. The project would require a $14,500 investment. What is the cash payback period of the project? Round your final answer to two decimal places.
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
