Long-term investment decision, payback method (mixed streams). Acme Hotel has the opportunity to invest in a...

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Long-term investment decision, payback method (mixed streams). Acme Hotel has the opportunity to invest in a project that costs $9,800 today and promises to pay $2,100, $2,900, $2,800, $2,900, and $1,700 over the next 5 years. What is the payback period for this project (round to the nearest 2 decimals)? Long-term investment decision, payback method (mixed streams). Acme Hotel has the opportunity to invest in a project that costs $9,800 today and promises to pay $2,100, $2,900, $2,800, $2,900, and $1,700 over the next 5 years. What is the payback period for this project (round to the nearest 2 decimals)?

Answer rating: 100% (QA)

Answer Calculation of Payback Period Year Cash flow Cumulative cash flow 0 ... View the full answer