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Year Cash Flow 0 $ 5,500 1 1,300 2 1,500 3 1,900 4 1,400 What is the payback period for the set of cash flows
| Year | Cash Flow | ||
| 0 | $ | 5,500 | |
| 1 | 1,300 | ||
| 2 | 1,500 | ||
| 3 | 1,900 | ||
| 4 | 1,400 | ||
What is the payback period for the set of cash flows given above? (Round the final answer to 2 decimal places.)
Payback period years
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Frank Woods Business Accounting Volume 2
Authors: Frank Wood, Ph.D. Sangster, Alan
12th Edition
0273767925, 9780273767923
