A project has a cost (projected outflow of ($14,000) in year 0. This project has the following
Question:
A project has a cost (projected outflow of ($14,000) in year 0. This project has the following projected inflows in years 1-5:
Year 1............................$ 2,000
Year 2 ...........................$ 4,000
Year 3 ...........................$ 7,000
Year 4............................$ 7,000
Year 5............................$ 7,000
A. When is the pay back? (Year / months):
B. If this firm has a payback policy of 3 years; will this project meet that criteria?
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Related Book For 
Managerial Accounting An Introduction to Concepts Methods and Uses
ISBN: 978-0324639766
10th Edition
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
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