Question
Year Year 0 1 2 3 4 5 6 Cash Flow -110000 30000 40000 20000 70000 20000 20000 Given the cash flows in the table
Year
| Year | 0 | 1 | 2 | 3 | 4 | 5 | 6 | |
| Cash Flow | -110000 | 30000 | 40000 | 20000 | 70000 | 20000 | 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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Oxford Handbook Of Entrepreneurial Finance
Authors: Douglas Cumming
1st Edition
0195391241, 978-0195391244
