The Van Rhijn Corporation has decided to invest in a project that is expected to produce the following cash flows: Year 1 $7,000 Year 2
The Van Rhijn Corporation has decided to invest in a project that is expected to produce the following cash flows:
| Year 1 | $7,000 |
| Year 2 | 5,000 |
| Year 3 | 3,000 |
The project would require a $8,000 initial investment. What is the cash payback period for the project? Round your final answer to two decimal places.
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Authors: Germain Boer, Debra Jeter
5th Edition
0759341559, 978-0759341555
