Project L requires an initial outlay at t = 0 of $71,000, its expected cash inflows are

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Project L requires an initial outlay at t = 0 of $71,000, its expected cash inflows are $15,000 per year for 6 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places.

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Fundamentals Of Financial Management

ISBN: 9780357517574

16th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Mar 04, 2024 11:44 PM

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Project L requires an initial outlay at t = 0 of $71,000, its expected cash inflows are

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Fundamentals Of Financial Management

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