30 10 POINTS A capital investment requiring one initial cash outflow is forecast to have the...

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30 10 POINTS A capital investment requiring one initial cash outflow is forecast to have the operating profits listed below. The investment has an NPV of $20,850, based on a required rate of return of 12%. Calculate the payback period of the investment. (Round your answer to 1 decimal place.) Year Operating profit ($) 1 74,000 2 84,000 3 96,000 4 70,000 PAYBACK PERIODS: ??????? YEARS CALCULATIONS SHEETS CALCULATIONS SHEETS 30 10 POINTS A capital investment requiring one initial cash outflow is forecast to have the operating profits listed below. The investment has an NPV of $20,850, based on a required rate of return of 12%. Calculate the payback period of the investment. (Round your answer to 1 decimal place.) Year Operating profit ($) 1 74,000 2 84,000 3 96,000 4 70,000 PAYBACK PERIODS: ??????? YEARS CALCULATIONS SHEETS CALCULATIONS SHEETS