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Your friend needs help with their homework. They need to compute the payback period on a proposed capital budgeting project - - a new wind

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Your friend needs help with their homework. They need to compute the payback period on a proposed capital budgeting project - - a new wind turbine? The expected cash flows appear below. Your friend is not sure whether they must use the required rate of return of 19.6% in computing the answer. What is the payback period? Your friend in counting on you. (Answer in years, rounding to 2 decimals) Year0cashflow=158,000Year1cashflow=27,000Year2cashflow=27,000Year3cashflow=27,000Year4cashflow=27,000Year5cashflow=27,000Year6cashflow=27,000Year7cashflow=27,000Year8cashflow=27,000

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