Find the Payback period for the following investment opportunity. Initial Cash Investment at the beginning of year
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Question:
Find the Payback period for the following investment opportunity. Initial Cash Investment at the beginning of year 1 is $19,000.
End of the year cash inflows:Investment opportunity Y
Year 1 $5,460
Year 2 $5,360
Year 3 $5,120
Year 4 $6,080
The answer should be calculated to two decimal places.
Expert Answer:
To calculate the payback period for the given investment opportunity we need to determine how many y... View the full answer
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