Question: Refer to Table 2 below. Complete without using Excel Complete Table 2 below and determine the Payback Period? Assume you want your money back within
Refer to Table 2 below. Complete without using Excel
Complete Table 2 below and determine the Payback Period? Assume you want your money back within 2 years. Would you accept or reject the project? Why?
| Table 2 | ||
| Year | Cash Flow | Cumulative |
| 0 | -$50,000 |
|
| 1 | $ 12,000 |
|
| 2 | $ 45,000 |
|
| 3 | $ 25,000 |
|
| 4 | $ 150,000 |
|
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