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You have the following information on a project's cash flows. Year Cash flows 0 -$ 120 ,000 1 33,000 2 33,000 3 37 ,000 4
You have the following information on a project's cash flows.
| Year | Cash flows |
| 0 | -$ 120 ,000 |
| 1 | 33,000 |
| 2 | 33,000 |
| 3 | 37 ,000 |
| 4 | 63 ,000 |
| 5 | 55,000 |
The project's payback is ____ years. Round it to two decimal places.
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The New Public Finance
Authors: Inge Kaul, Pedro Condeicao
1st Edition
0195179978, 978-0195179972
