Year Cash Flow 0- 110000 1- 30000 2- 40000 3- 20000 4- 30000 5- 20000 6- 20000
Fantastic news! We've Found the answer you've been seeking!
Question:
Year Cash Flow
0- 110000
1- 30000
2- 40000
3- 20000
4- 30000
5- 20000
6- 20000
Given the cash flows in the table above, calculate the payback period assuming the cash flows in years 1 to 4 occur evenly throughout the year. The required rate of return is 12%.
Answer in years accurate to two decimal places.
Expert Answer:
Related Book For
Posted Date:
