Question
You are evaluating a project with an initial investment of $10.7 million dollars, and expected cash flows of $8 million dollars each for years 1-3.
You are evaluating a project with an initial investment of $10.7 million dollars, and expected cash flows of $8 million dollars each for years 1-3. What is the project's simple payback? The corporate WACC is 9%.
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Step: 1
To calculate the simple payback period we need to determine how long it takes for the projects cumul...
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Financial Management Theory and Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
15th edition
130563229X, 978-1305632301, 1305632303, 978-0357685877, 978-1305886902, 1305886909, 978-1305632295
