Assume the following cash flows for a convenience store project you are considering, the initial outflow is $657,338 followed by ten operating cash flows $123,550 in years 1 to 10. You will also receive a terminal cash flow of $438,500 also at year 10.

Compute the Payback of the project given an interest rate of 12%.

Answer rating: 100% (QA)

To compute the payback period of the project we need to determine the time it takes for the initial ... View the full answer