Problem $9-1$ Calculating Payback $[$LO$2]$

What is the payback period for the following set of cash flows? $($Do not round

intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Payback period

years Problem $9-1$ Calculating Payback $[$LO$2]$

What is the payback period for the following set of cash flows? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Year Cash Flow

$0$$ $4,800$

$11,175$

$21,375$

$32,175$

$41,275$