A florist is buying a number of motorcycles to expand its delivery service. These will cost...
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A florist is buying a number of motorcycles to expand its delivery service. These will cost $65,000 but are expected to increase cash flows over the next 4 years as shown in the following table. What is the payback period? Year O Cash Flow -65,000 Year 1 19,200 Year 2 29,500 Year 3 48,441 Year 4 9600 Please be sure to enter your answer with two decimal places and no symbols. For example, if your answer is 1.322 years, enter your answer as 1.32 A florist is buying a number of motorcycles to expand its delivery service. These will cost $65,000 but are expected to increase cash flows over the next 4 years as shown in the following table. What is the payback period? Year O Cash Flow -65,000 Year 1 19,200 Year 2 29,500 Year 3 48,441 Year 4 9600 Please be sure to enter your answer with two decimal places and no symbols. For example, if your answer is 1.322 years, enter your answer as 1.32
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Posted Date:
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