Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company
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Question:
Stenson, Inc., imposes a payback cutoff of three years for its international investment projects. Assume the company has the following two projects available.
Year Cash Flow A Cash Flow B
0 -$ 56,000 -$ 101,000
1 22,500 24,500
2 29,600 29,500
3 24,500 29,500
4 10,500 239,000
What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Related Book For
Essentials of Corporate Finance
ISBN: 978-1259277214
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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