Project L costs $3,230, its expected cash inflows are $711 per year for 10 years, and...

 

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Project L costs $3,230, its expected cash inflows are $711 per year for 10 years, and its cost of capital is 12%. The project's (regular, i.e. "traditional") payback period is years. Round your answer to 2 decimal places (example: for 12.345 years, you should enter 12.35). Project L costs $3,230, its expected cash inflows are $711 per year for 10 years, and its cost of capital is 12%. The project's (regular, i.e. "traditional") payback period is years. Round your answer to 2 decimal places (example: for 12.345 years, you should enter 12.35).

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To calculate the payback period for Project L we need to determine the time it takes for the cumulat... View the full answer