Question: A project has an initial cost of $6,900. The cash inflows are $850, $2,400, $3,100, and $4,100 over the next four years, respectively. What is

A project has an initial cost of $6,900. The cash inflows are $850, $2,400, $3,100, and $4,100 over the next four years, respectively. What is the payback period? Simple Interest = PV + PVrt FV = PV(1 + r) PV = FV/ (1+r) r=(FV/PV)W-1 PVC/ APR - period rate * number of periods per year 1- 1 (1+r)' PV =C FV-c[e+)-1] EAR = - [1+ APR]"- -1

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