Question: Project L requires an initial outlay at t = 0 of $52,000, its expected cash inflows are $12,000 per year for 11 years, and
Project L requires an initial outlay at t = 0 of $52,000, its expected cash inflows are $12,000 per year for 11 years, and its WACC is 14%. What is the project's payback? Round your Danswer to two decimal places. years
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
