A project has a cash flow of ($1,327,500) at time 0, $280,000 in year 1, $310,000 in year 2, $466,000 in year 3, $320,000 in year 4, and $539,000 in year 5. The company's cost of capital is 11%. What is the payback period for this project? (Please show excel steps/formulas)

Answer rating: 100% (QA)

To calculate the payback period for the project we need to determine the time it takes for the cumul... View the full answer