What is the payback period for the following set of cash flows? (Enter 0 if the project
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Question:
What is the payback period for the following set of cash flows? (Enter 0 if the project never pays back. Round your answer to 2 decimal places. (e.g., 32.16))
| Year | Cash Flow |
| 0 | -5087 |
| 1 | 1594 |
| 2 | 1590 |
| 3 | 1568 |
| 4 | 1891 |
Expert Answer:
The payback period is 475 years Payback Period The payback period is a capital budgeting technique u... View the full answer
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