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There is a project with the following cash flows : Year Cash Flow 0 $24,050 1 6,500 2 7,600 3 8,550 4 7,450 5 6,100
There is a project with the following cash flows :
Year | Cash Flow | |
0 | $24,050 | |
1 | 6,500 | |
2 | 7,600 | |
3 | 8,550 | |
4 | 7,450 | |
5 | 6,100 | |
What is the payback period?
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