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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 | $ | 5,400 | |
| 1 | 1,475 | ||
| 2 | 1,675 | ||
| 3 | 2,075 | ||
| 4 | 1,575 | ||
| Payback period |
years |
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
