A company has an opportunity to invest in a project that requires an initial outlay of $50,000
Fantastic news! We've Found the answer you've been seeking!
Question:
A company has an opportunity to invest in a project that requires an initial outlay of $50,000 and is expected to generate cash inflows of $15,000 per year for the next 5 years. Calculate the payback period of the project.
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324597707
12th edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date: