Question
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 ($102.4 million) $37.4 million $33.1 million $28.4 million $24.9 million $17.1
Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 ($102.4 million) $37.4 million $33.1 million $28.4 million $24.9 million $17.1 million $15.9 million
What is the payback period for this stream of cash flows if the discount rate is 16%?
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
