Question: PLEASE SHOW STEP BY STEP FORMULAS WITHOUT EXCEL ONLY FINANCIAL CALCULATOR You are planning to open a restaurant in Brickell. Following the initial investment of

PLEASE SHOW STEP BY STEP FORMULAS WITHOUT EXCEL ONLY FINANCIAL CALCULATOR

PLEASE SHOW STEP BY STEP FORMULAS WITHOUT EXCEL ONLY FINANCIAL CALCULATOR

You are planning to open a restaurant in Brickell. Following the initial investment of $947,899, the expected cash flows over the next 5 years are as follows. What is the payback period of this project? t Cash Flows 1 $236,334 2 $385,019 3 $361,432 4 $312,883 *Round your answer to the nearest two decimals 1.5 2.9 margin of error +/- 2%

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