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What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.) Year Cash Flow 0
| What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.) |
| Year | Cash Flow | ||
| 0 | $ | 5,800 | |
| 1 | 1,500 | ||
| 2 | 1,700 | ||
| 3 | 2,100 | ||
| 4 | 1,600 | ||
| Payback period | years |
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Short Term Financial Management
Authors: Terry S. Maness, John T. Zietlow
2nd Edition
0030315131, 978-0030315138
