Question
The Zinger Company is considering an $11,000 investment that has the following net cash inflows: Year 1..$2,000 Year 2..$2,000 Year 3..$5,000 Year 4..$4,000 Year 5..$4,000
The Zinger Company is considering an $11,000 investment that has the following net cash inflows: Year 1..$2,000
Year 2..$2,000
Year 3..$5,000
Year 4..$4,000
Year 5..$4,000
The payback period for this investment is:
a. 3.0 years.
b. 3.5 years.
c. 4.0 years.
d. 4.5 years.
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Auditing And Assurance Services
Authors: Robert Ramsay, Timothy J Louwers
4th Edition
007739657X, 978-0077396572
