What is the payback period for a project that has an initial investment of $117,000 and $10,000
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Question:
What is the payback period for a project that has an initial investment of $117,000 and $10,000 net cash inflow in the first year, with a $1,000 increase in net cash inflows each year thereafter for a total of 12 years?
Group of answer choices
7.6 years
12.0 years
8.5 years
11.7 years
Related Book For
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
Posted Date: