A particular project requires an initial investment of $10,000 and is expected to generate future cash flows

Question:

A particular project requires an initial investment of $10,000 and is expected to generate future cash flows of $4,000 for Year 1 and $3,000 for years 2 through 5.

Required:
Calculate the project’s in years.

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,...