Question: F.E 3. A firm is considering a project that has the following cash flow data. What is the project's payback ? Answer in years to

F.E

3. A firm is considering a project that has the following cash flow data. What is the project's payback ? Answer in years to the nearest hundredth as in xx.xx.

Year

0

1

2

3

4

5

Cash flows

-$975

$300

$310

$320

$68

$97

4. If you deposit $25,000 in a saving account paying 2.5% per year, how much will you have after 5 years if the bank promises annual compounding? Round your answer to the nearest cent (xxxxx.xx) and enter without the dollar sign.

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