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What is the payback period for the investment project that has the following cash flows? (Round your answers to 2 decimal places) Year Cash Flows
What is the payback period for the investment project that has the following cash flows? (Round your answers to 2 decimal places)
| Year | Cash Flows |
| 0 | -62,428 |
| 1 | 23,744 |
| 2 | 25,174 |
| 3 | 24,263 |
| 4 | 23,433 |
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
