Question
What is the payback period for the following cash flows: today, - $15,000; end of year one, + $11,000; end of year two, + $5,300;
What is the payback period for the following cash flows: today, - $15,000; end of year one, + $11,000; end of year two, + $5,300; end of year three, + $5,000.
| A) 0.755 years | |
|
| B) 2.755 years |
|
| C) 2.34 years |
|
| D) 2.9 years |
|
| E) 1.755 year |
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
9th Edition
032431986X, 9780324319866
