Question
The LoveLivingInParadise Company wants to calculate how long it will take to recover their initial investment on a project. The end-of-year cash flows are estimated
The LoveLivingInParadise Company wants to calculate how long it will take to recover their initial investment on a project. The end-of-year cash flows are estimated to be:
Cost $30,000
Year 1 $5,000
Year 2 $15,000
Year 3 $12,000
Year 4 $ 8,000
What is the payback period? (Give partial year to two decimal places.SHOW ALL WORK FOR FULL CREDIT).
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
