Question: Problem 1: Calculating Payback. The payback period for the following set of cash flows: Year Cashflows 0 -25,000.00 1 5,500.00 2 8,500.00 3 9,000.00 4
Problem 1:Calculating Payback.The payback period for the following set of cash flows:
| Year | Cashflows |
| 0 | -25,000.00 |
| 1 | 5,500.00 |
| 2 | 8,500.00 |
| 3 | 9,000.00 |
| 4 | 15,000.00 |
is_____x_____years.
Please solve for x and show work
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