What is the payback period for the following set of cash flows? YEAR CASH FLOWS 1 .

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What is the payback period for the following set of cash flows?

YEAR                              CASH FLOWS

1 ………………………….   – $11,300

2 ………………………….          3,400

3 ………………………….          4,300

4 ………………………….          3,600

5 ………………………….          4,500

6 ………………………….          3,500

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Foundations Of Finance

ISBN: 9780135160619

10th Edition

Authors: Arthur J. Keown, John H. Martin, J. William Petty

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