Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have the following information on a project's cash flows. Year Cash flows 0 -$117,000 1 24,000 2 31,000 3 36,000 4 65,000 5 55,000

You have the following information on a project's cash flows.

Year Cash flows

0 -$117,000

1 24,000

2 31,000

3 36,000

4 65,000

5 55,000

The project's payback is ____ years. Round it to two decimal places. Your Answer:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations In Personal Finance

Authors: Dave Ramsey

3rd Edition

1936948524, 978-1936948529

More Books

Students also viewed these Finance questions