Question: Pay Back Method What is the payback period for the following project? Year Inflow/(Outflow) ($38,000) $ 8,000 $ 9,000 $ 12,000 $ 7,000 $ 8,000

  1. Pay Back Method

What is the payback period for the following project?

Year Inflow/(Outflow)

  1. ($38,000)
  2. $ 8,000
  3. $ 9,000
  4. $ 12,000
  5. $ 7,000
  6. $ 8,000
  7. $ 5,000
  8. $ 3,000

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