Aetna Inc has a project with initial investment requiring $-160,000 and the following cash flows will be
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Question:
Aetna Inc has a project with initial investment requiring $-160,000 and the following cash flows will be generated for the following 5 years at the end of each year because of the project:
$40,000;
$206,000;
$134,000;
$134,000;
$140,000 respectively.
If the required rate of return is 0.12, find the payback period (PB) of the project.
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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