What is the payback period of the following project? Initial Investment: ..... $50,000 Projected life: ....... 8

Question:

What is the payback period of the following project?

Initial Investment: ..... $50,000

Projected life: ....... 8 years

Net cash flows each year: . $10,000

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,...