Question: Answer the following questions. (Show your work) Chapter 9: Net Present Value and Other Investment Criteria 1) What is the payback period for the following

Answer the following questions. (Show your work)

Chapter 9: Net Present Value and Other Investment Criteria

1) What is the payback period for the following set of cash flows?

Year Cash Flow
0 $-8,300
1 $2,100
2 $3,000
3 $2,300
4 $1,700

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