Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the payback period for the following set of cash flows? (Enter 0 if the project never pays back. Round your answer to 2

What is the payback period for the following set of cash flows? (Enter 0 if the project never pays back. Round your answer to 2 decimal places. (e.g., 32.16))

Year Cash Flow
0 -5087
1 1594
2 1590
3 1568
4 1891

Step by Step Solution

3.45 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

The payback period is 475 years Payback Period The payback period is a capital budgeting technique u... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus With Applications

Authors: Margaret L. Lial

12th Edition

978-0135871348, 0135871344

More Books

Students also viewed these Finance questions