Question
What is the payback period of a project that requires an initial cash outlay of $16,000 and provides cash flows of $4,500 in year 1,
What is the payback period of a project that requires an initial cash outlay of $16,000 and provides cash flows of $4,500 in year 1, $5,500 in year 2, $6,500 in year 3 and $7,500 in year 4?
| A. 2.08 | ||
| B. 2.36 | ||
| C. 2.68 | ||
| D. 2.92 |
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
