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You have the following information on a project's cash flows. Year Cash flows 0 -$110,000 1 24,000 2 31,000 3 34,000 4 54,000 5 55,000
You have the following information on a project's cash flows.
| Year | Cash flows |
| 0 | -$110,000 |
| 1 | 24,000 |
| 2 | 31,000 |
| 3 | 34,000 |
| 4 | 54,000 |
| 5 | 55,000 |
The project's payback is ____ years. Round it to two decimal places.
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Adventure Finance
Authors: Aunnie Patton Power
1st Edition
3030724271, 978-3030724276
