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Your firm has estimated the following cash flows for a capital investment project. The firm's required rate of return is 12%. Which of the following
Your firm has estimated the following cash flows for a capital investment project. The firm's required rate of return is 12%. Which of the following is closest to the payback period for the project? Cash Flow -$136,000 at time 0 43,350 at year 1 33,350 at year 2 23,350 at year 3 23,350 at year 4 43,350 at year 5
Group of answer choices
3.5 years
2 years
2.5 years
4.29 years
3.29 years
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