What is the payback period for the following set of BASIC cash-flows? Year Cash Flow 0.................... -$7,600

Question:

What is the payback period for the following set of BASIC cash-flows?

Year Cash Flow

0.................... -$7,600

1...................... 1,900

2...................... 2,900

3...................... 2,300

4..................... 1,700

Payback Period
Payback period method is a traditional method/ approach of capital budgeting. It is the simple and widely used quantitative method of Investment evaluation. Payback period is typically used to evaluate projects or investments before undergoing them,...